Market value of share is $R s .50$ . Amit purchased $1000$ shares at premium of $20$ %. What is the amount he invested?

40000

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50000

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30000

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None

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Solution

The correct option is A $50000$
Amount invested=Market value $\times$ No. of shares
$= 50 \times 1000$
$= 50000$

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Market value of share is Rs.50. Amit purchased 1000 shares at premium of 20%. What is the amount he invested?

The correct option is A 50000Amount invested=Market value× No. of shares=50×1000=50000

Market value of share is $R s .50$ . Amit purchased $1000$ shares at premium of $20$ %. What is the amount he invested?

The correct option is A $50000$
Amount invested=Market value $\times$ No. of shares
$= 50 \times 1000$
$= 50000$