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Shares worth Rs. 150 each were bought at...

Shares worth Rs. 150 each were bought at Rs. 180. Which of the following is necessarily true ?

A

Each share was bought at Rs. 30 discount.

B

Each share was bought at Rs. 30 premium.

C

Each share was bought at 30% discount.

D

Each share was bought at 30% premium.

Text Solution

Verified by Experts

The correct Answer is:
B
`FV=` Rs. `150`
`MV=` Rs. `180`
Premium `=MV-FV=` Rs. `30` is true.
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