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The market value of a mutual fund is 400 crore rupees. Which is divided into 8 crore units.(a) Suppose you invest Rs. 10,000 in the units, how many units will you get ? (b) While selling the units if their market value is increased by 10%, how much amount will you get by selling them ? |
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Answer» The price of one unit = 400 crore / 8 crore = Rs 50 (a) No. of units by investing Rs 10,000 = 10,000 / 50 = 200 (b) If the market value is increased by 10% by selling one unit, the profit will be 50 × 10 / 100 = Rs 5 ∴ By selling 200 units, the profit will be 200 × 5 = Rs 1000. |
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