Philomina sold 45 shares at Rs.120 market price. She invested the amount she got in shares at Rs 75 market price . How many shares did she get ?
Answers
Answer:72
Step-by-step explanation:
She got 72 shares after investing in shares at Rs. 75 market price.
Step-by-step explanation:
The total no. of shares sold by Philomina = 45
The market price of 45 shares per share = Rs. 120
∴ The total selling price of shares = 45 * 120 = Rs. 5400
It is given that the amount she got after selling 45 shares at Rs. 120 per share, she had invested it in the share of Rs. 75 market price.
Therefore,
No. of shares received by Philomina after her investment is,
= [Rs. 5400] / 75
= 72
Thus, she got 72 shares.
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