If Jagbeer invest ₹ 10320 on ₹100 shares at a discount of ₹ 14

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If Jagbeer invest ₹ 10320 on ₹100 shares at a discount of ₹ 14, then the number of shares he buys is
(a) 110
(b) 120
(c) 130
(d) 150

Solution:

Investment = ₹ 10320
Face value of each share = ₹ 100
M.V. of each share = ₹ 100 – 14 = ₹ 86
No. of shares = \\ \frac { 10320 }{ 86 } = 120 (b)

If Nisha invests ₹19200 on ₹50 shares at a premium of 20%, then the number of shares she buys is
(a) 640
(b) 384
(c) 320
(d) 160

Solution:

Investment = ₹ 19200
Face value of each share = ₹ 50
M.V. = ₹ 50 x \\ \frac { 120 }{ 100 } = ₹ 60
Number of shares = \\ \frac { 19200 }{ 60 }
= 320 (c)

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