Question

Mr. Rajesh Kalita invested rs.120000 for buying 1000 bnb shares which were sold at a premium of 20%. What is the face value?

Answer 1

Answer:

sorry I didn't know the answer

Answer 2

Concept: The company's ownership is divided into shares. Equity shares and preference shares are different kinds of shares.

For certain businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual earnings in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders.

Given: Rajesh Kalita contributed Rs. 120,000 to the purchase of 1000 BNB shares.

Find: Determine the share's face value.

Solution: Let the face value of the share is Rs.x

$\mbox{Amount per share} = \dfrac{\mbox{total amount}}{\mbox{No. of Shares}}$

$=\dfrac{120000}{1000}$

= Rs. 120.

         A.T.Q.

$x+\dfrac{20x}{100}=120$

⇒120x=120×100

⇒x=Rs. 100

Hence we can conclude that the share has a 100 rupee face value.

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