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Brokerage & GST

Smt. Deshpond...

Question

Smt. Deshponde purchased shares of FV Rs 5 at a premium of Rs 20. How many shares will she get for Rs 20,000 ?

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Solution

Market value of each share = FV + Premium = Rs $5$ + Rs $20$ = Rs $25$ .
Sum invested = Rs $20, 000$
$∴$ Number of shares = Sum invested / Market value of each share
= $\frac{20000}{25} = 800$
Thus, the number of shares purchased by Smt. Deshpande are $800$ .

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