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Mathematics

If Nisha invests ₹19200 on ₹50 shares at a premium of 20%, then the number of shares she buys is

  1. 640
  2. 384
  3. 320
  4. 160

Shares & Dividends

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Answer

Nominal Value per share = ₹50

As Nisha buys the shares at a premium of 20%,
∴ Market Value per share = ₹50 + 20% of ₹50 = ₹50 + ₹10 = ₹60

Nisha's Total Investment = ₹19200

∴No. of shares=InvestmentM.V.=1920060=320\therefore \text{No. of shares} = \dfrac{\text{Investment}}{\text{M.V.}} \\[0.5em] = \dfrac{19200}{60} = 320

∴ Option 3 is the correct option.

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