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Alcx invested in the shares of a company...

Alcx invested in the shares of a company. If the price of each share was Rs.20 more, then his investment would be Rs.6000 more. How many shares did he buy?

A

300

B

400

C

360

D

450

Text Solution

Verified by Experts

Let us assume that Alex bought 'x' shares at a value of 'n'.
`therefore` The total investment on shares = Rs.x. n. The increased cost of a share = Rs.x + 20.
`therefore "From the given problem", (x+20)xxn=xn+6000`
`rArr 2n=6000 rArr n = 300`.
`therefore "Total number of shares" = 300`.
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