Mathematics
If Kiran invests ₹ 19,200 on ₹ 50 shares at a premium of 20%, then the number of shares she buys is :
640
160
320
240
Shares & Dividends
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Answer
Given,
Investment = ₹ 19,200
Face Value = ₹ 50
Premium Rate = 20%
Premium = 20% of 50 = = ₹ 10
Market Value = Face Value + Premium = 50 + 10 = ₹ 60
By formula,
= 320.
Hence, Option 3 is the correct option.
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