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Home Aptitude Stocks and Shares See What Others Are Saying!
  • Question
  • 12500 shares, of par value $ 20 each, are purchased from Ram by Mohan at a price of $ 25 each. Find out the amount required to purchase the shares. If Mohan further sells the shares at a premium of $ 11 each, then find out his gain in the transaction.


  • Options
  • A. $ 75000
  • B. $ 85000
  • C. $ 70000
  • D. $ 65000

  • Correct Answer
  • $ 75000 

    Explanation

    Given :- Face value of each share = $ 20
    Market value of a share = $ 25
    Number of shares = 12500
    ? Market value of 12500 shares = Number of shares x Market value of a share
    Market value of 12500 shares = $ (25 × 12500) = $ 312500
    Thus, the amount required to purchase 12500 shares = $ 312500
    Then, Mohan sells these shares at a premium of $ 11 each.
    ? New market rate per shares = Face value of each share + premium
    New market rate per shares = $ (20 + 11) = $ 31
    ? Selling price of these shares = New market rate per shares x Number of shares
    Selling price of these shares = $ (31 × 12500) = $ 387500
    ? Gain = S.P. - C.P. = $ (387500 - 312500) = $ 75000.


  • More questions

    • 1. 
      A can complete a piece of work in 10 days, while B alone can complete it in 15 days. They work together for 5 days and rest of the work is done by C in 2 days. If they receive $ 450 for the whole work, how should they divide the money?

    • Options
    • A. $250, $100, $100
    • B. $225, $150, $75
    • C. $200, $150, $100
    • D. $175, $175, $100
    • Discuss
    • 2. 
      The angle of elevation of a tower from a distance 50 m from its foot is 30°. The height of the tower is :

    • Options
    • A. 50 ?3 m
    • B. 50 m ?3
    • C. 75 ?3 m
    • D. 75 m ?3
    • Discuss
    • 3. 
      If 30% of A = 20 % of B, then find the value of A : B?

    • Options
    • A. 1 : 3
    • B. 3 : 2
    • C. 3 : 1
    • D. 2 : 3
    • Discuss
    • 4. 80 litre mixture of milk and water contains 10% milk. How much milk (in litres) must be added to make water percentage in the mixture as 80%?

    • Options
    • A. 8
    • B. 9
    • C. 10
    • D. 12
    • Discuss
    • 5. 
      If log 5 (x 2 + x) - log 5 x = 2 then the value of x is?

    • Options
    • A. 24
    • B. 25
    • C. 23
    • D. 120
    • Discuss
    • 6. The average of 20 numbers is zero. Of them, at the most, how many may be greater than zero?

    • Options
    • A. 0
    • B. 1
    • C. 10
    • D. 19
    • Discuss
    • 7. 
      Two trains A and B travel from points X to Y and the ratio of the speeds of A to that of B is 2 : 7. Find the ratio of time taken by A and B to reach From X to Y.

    • Options
    • A. 2 : 5
    • B. 3 : 5
    • C. 3 : 8
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    • Discuss
    • 8. 
      Walking with 3/4 of his usual speed, Sachin covers a certain distance in 2 h more than the time he takes to cover the distance at his usual speed. Find the time taken by him to cover this distance with usual speed.

    • Options
    • A. 5 h
    • B. 6 h
    • C. 9 h
    • D. 4 h
    • Discuss
    • 9. 
      If ? 2 n = 64, then the value of n is?

    • Options
    • A. 2
    • B. 4
    • C. 6
    • D. 12
    • Discuss
    • 10. 
      Ram and Sita are walking towards each other with the speed of 8 km/h and 2 km/h, respectively over a road 160 km long. How soon will they meet?

    • Options
    • A. 16 h
    • B. 8 h
    • C. 10 h
    • D. 20 h
    • Discuss


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