Question

what amount should be invested to buy 1000 units at NAV rupees 12? how many units can be purchased for rupees 1200?

Answer 1

HERE IS YOUR ANSWER:

GIVEN :

Cost of one unit = ₹12

TO FIND:

i) Amount to be invested to buy 1000 units

ii) No. of units which can be purchased for

₹1200

SOLUTION:

i) Amount to be invested to buy 1000 units =

1000 × 12 = ₹12000 ANSWER☺

ii) No. of units which can be purchased for

No. of units which can be purchased for ₹1200 = 1200/12

= 100 ANSWER☺

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