What is the investment to purchase 80 shares of fv rupees10 at premium of rupees5. How many shares can be purchase for rupees300
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FV is 10
premium ₹5
so MV =10+5=15
now sum invested is 300
No of shares =?
formula
sum invested= no of shares ×MV
so 300= no of shares × 15
no of shares = 300 ÷ 15
no of shares = 20
it's correct answer
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