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. 164

Answer 1

The correct option is A 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
$\Rightarrow 150\times x=₹65400-₹40800$

$\Rightarrow 150\times x=₹24600$

$\therefore x=\frac{24600}{150}$

$=164$
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