Multiple choice

Mr Ravi had invested Rs. 52,000 in 18% Rs. 200 shares at a premium of 30%. What is the total number of shares bought by Mr Ravi?

  1. 400

  2. 250

  3. 222

  4. 200

  5. 180

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Face value of one share = Rs. 200 Market value of the share = 130% of Rs. 200 = Rs. 260 Total number of shares = Invested sum/Market value of the share = Rs. 52,000/260 = 200 shares