1.

Kira invests in the shares of a company. If he buys 48 shares more, he will invest Rs.1200 more. If he buys 40 shares less, the total face value of his shares will be Rs.800 less. He must buy each share ________.

Answer»

at par
below par
above par
Cannot be determined

Solution :Market value of each SHARE (in Rs.)`=(1200)/(48)=25`
`thereforem=25`
`"FACE value of each share (in Rs.)"=(800)/(40)=20`
`thereforef=20`
`thereforem gt 25`
`therefore " KIRAN bought each share above par"`.


Discussion

No Comment Found