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Question
Vijay wants to invest ₹ 27,000 in buying shares. The shares of the following companies are available to him. ₹ 100 shares of company A at par value; ₹ 100 shares of company B at a premium of ₹ 25; ₹ 100 shares of company C at a discount of ₹ 10; ₹ 50 shares of company D at a premium of 20%. Find how many shares will he get if he buys shares of
- Company A
- Company B
- Company C
- Company D
Solution
i. For Company A:
Investment = ₹ 27,000
F.V. = ₹ 100, M.V. = ₹ 100
No. of shares = `"Investment"/("M"."V") = 27000/100` = 270
ii. For Company B:
Investment = ₹ 27,000
M.V. = ₹ 100 + 25 = ₹ 125
No. of shares = `"Investment"/("M"."V") = 27000/125` = 216
iii. For Company C:
Investment = ₹ 27,000
M.V. = ₹ 100 − 10 = ₹ 90
No. of shares = `"Investment"/("M"."V") = 27000/90` = 300
iv. For Company D:
Investment = ₹ 27,000
M.V. = 50 + 20% of 50
= `50 + 20/100 xx 50`
= 50 + 10
= 60
No. of shares = `"Investment"/("M"."V") = 27000/60` = 450
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