Question

If $₹40,000$ more invested, then 600 more shares can be purchased. Find the market value of each share.

• A. $₹66.67$
• B. ₹77.67
• C. $₹80$
• D. Cannot be determined

Answer 1

Answer: (A)

From the given data, 600 shares can be purchased with an investment of $₹40,000$.
$\therefore$ Market value of each shares (in ₹)
$=\frac{40,000}{600}=66.67$