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Mr Prudhvi invested Rs. 16,900 in buying...

Mr Prudhvi invested Rs. 16,900 in buying shares worth Rs. 100 at a premium of Rs. 30. find the number of shares brought by him.

A

169

B

150

C

130

D

129

Text Solution

Verified by Experts

The correct Answer is:
C
Total investment `= Rs. 16,900`
`FV= Rs. 100`
Premium `= Rs. 30`
`MV=FV+` Premium `= Rs. 130`
The number of shares
`=("Total investment")/(MV)=(16,900)/130=130`
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