Question

The total sum invested by Albin and Joseph in different shares namely A and B is ₹65400. For share A, the MV was ₹120 and number of shares purchased were 340. If the MV of share B is ₹150, find the number of shares B that were purchased by Joseph.

• A. 180
• B. 164
• C. 128
• D. 144

Answer 1

The correct option is B 164

Total sum invested for A + B = ₹65400
Sum invested by Albin on share A
$=120\times 340$
$=₹40800$
Let the number of shares B purchased by Joseph be $x$.
Sum invested by Jospeh on share B
$=150\times x=₹65400-₹40800$
$=150\times x=₹24600$
$\therefore x=\frac{24600}{150}$
$=164$