Mathematics
If Jagbeer invest ₹10320 on ₹100 shares at a discount of ₹14, then the number of shares he buys is
- 110
- 120
- 130
- 150
Shares & Dividends
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Answer
Nominal Value per share = ₹100
As Jagbeer buys the shares at a discount of ₹14,
∴ Market Value per share = ₹100 - ₹14 = ₹86
Jagbeer's Total Investment = ₹10320
∴ Option 2 is the correct option.
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