Multiple choice

Which of the following is the total amount required to buy 200, Rs. 75 shares at a premium of 12%?

  1. Rs. 11,800

  2. Rs. 14,000

  3. Rs. 14,800

  4. Rs. 16,000

  5. Rs. 16,800
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Market value of the share = (100 + 12)% of Rs. 75 = 112 x 75 / 100 = Rs. 84 Total amount required to buy 200 shares = Rs. ( 200 x 84) = Rs. 16,800

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