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Question
If Nisha invests ₹ 19200 on ₹ 50 shares at a premium of 20%, then the number of shares she buys is
Options
640
384
320
160
Solution
Investment = ₹ 19200
Face value of each share = ₹ 50
M.V. = `₹ 50 xx (120)/(100)` = ₹ 60
Number of shares = `(19200)/(60)`
= 320.
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