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Mathematics

The money required to buy 50, ₹ 20 shares at 10% premium is :

  1. ₹ 800

  2. ₹ 1,100

  3. ₹ 1500

  4. ₹ 900

Shares & Dividends

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Answer

Given,

N.V. of share = ₹ 20

M.V. of share = N.V. + Premium = ₹ 20 + 10100×20\dfrac{10}{100} \times 20 = ₹ 20 + ₹ 2 = ₹ 22.

By formula,

Money required to buy shares = No. of shares × M.V. of each share

= 50 × ₹ 22

= ₹ 1,100.

Hence, Option 2 is the correct option.

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