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Question
The sum of money required to buy 50, ₹ 40 shares at ₹ 38.50 is ______.
Options
₹ 1920
₹ 1924
₹ 1925
₹ 1952
Solution
The sum of money required to buy 50, ₹ 40 shares at ₹ 38.50 is ₹ 1925.
Explanation:
- Number of shares: 50
- Market price per share: ₹ 38.50
Multiplying the number of shares by the market price per share gives the total cost: 50 × 38.50 = 1925
Therefore, the sum of money required to buy the shares is ₹ 1925, as calculated.
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