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Question
The money required, to buy 80 shares, each of ₹ 60 and quoted at ₹ 70, is ______.
Options
₹ 5,600
₹ 4,800
₹ 80 × 60 × 70
₹ 4,200
Solution
The money required, to buy 80 shares, each of ₹ 60 and quoted at ₹ 70, is ₹ 5,600.
Explanation:
F.V of one share = ₹ 60
M.V of one share = ₹ 70
∴ Money required to buy 80 shares
= 80 × 70
= ₹ 5600
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