Question

If Manikanta invested ₹1000 in a company whose nominal value of a share is ₹20 and the market value is ₹10 then the number of shares he bought is

• A. 50
• B. 100
• C. 150

Answer 1

The correct option is B 100

Given that,
Manikanta invested ₹1000.
The market value of the share = ₹10.
No of shares bought by Manikanata is
$=\frac{\text{Investment done}}{\text{Market value of a share}}$

$=\frac{1000}{10}$

$=100$