Mathematics

The money required to buy 50, ₹ 20 shares quoted at ₹ 22 is :

  1. ₹ 1,100

  2. ₹ 2,100

  3. ₹ 1,540

  4. ₹ 1,440

Shares & Dividends

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Answer

Given,

M.V. of share = ₹ 22

By formula,

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

= 50 × ₹ 22

= ₹ 1100.

Hence, Option 1 is the correct option.

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