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If Rs. 25,000 more invested, then 400 mo...

If Rs. 25,000 more invested, then 400 more shares can be purchased. Find the market value of each share.

A

Rs. 62.50

B

Rs. 77.50

C

Rs. 85.00

D

Cannot be determined

Text Solution

Verified by Experts

The correct Answer is:
A
From the given data, 400 shares can be purchased with aninvestment of Rs. 25,000.
`:.` Market value of each shares (in Rs.)
`=(25,000)/4000-62.50`.
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