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₹ 40 shares of a company are selling at 25% premium. If Mr. Jacob wants to buy 280 shares of the company, then the investment required by him is - Mathematics

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Question

₹ 40 shares of a company are selling at 25% premium. If Mr. Jacob wants to buy 280 shares of the company, then the investment required by him is

Options

  • ₹ 11200

  • ₹ 14000

  • ₹ 16800

  • ₹ 8400

MCQ

Solution

Face value of each share = ₹ 40

M.V. = `40 xx (125)/(100)` = ₹ 50
Number of shares = 280
Total investment = ₹ 280 x 50 = ₹ 14000.

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Chapter 3: Shares and Dividends - Multiple Choice Question

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ML Aggarwal Understanding ICSE Mathematics [English] Class 10
Chapter 3 Shares and Dividends
Multiple Choice Question | Q 3

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