Question

Mr lalu invested Rs 10,540 to
purchase Shares at a market price
of Rs 124 of face value Rs 10. Then
number of shares purchased is
O 45
0.65
O 85
O 25
<​

Answer 1

Answer:

option d ( 25) is the write answer

Answer 2

Given:

Amount invested=Rs.10,540

Market price=Rs.124

To find:

The number of shares purchased

Solution:

The number of shares purchased is 85.

We can find the number by taking the given steps-

We know that the number of shares can be obtained by dividing the total amount invested in shares by the market price of a share.

We are given that the market price of a share=Rs.124

The total amount invested by Mr Lalu=Rs.10,540

So, the number of shares= Total amount invested by Mr Lalu/ market price of a share

On putting the values,

The number of shares=10,540/124

=85 shares

Therefore, the number of shares purchased is 85.