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Shares

A. 1000B. 150...

Question

Find the number of shares received when the total investment is ₹45000 on a share of FV ₹45 and MV ₹60.

A

1000

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B

1500

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C

500

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D

750

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Solution

The correct option is D 750
The Number of shares is always dependent on the Market Value(MV).

Number of shares $= \frac{Sum Invested}{MV}$
$= \frac{45000}{60}$

$= 750$

$∴$ the number of shares received are 750.

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