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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 train 300 meters long passes a standing man is 15 seconds. The speed of the train is?

    • Options
    • A. 40 km/hr
    • B. 50 km/hr
    • C. 60 km/hr
    • D. 72 km/hr
    • Discuss
    • 2. 
      If the diagonal of a square is double, how does the area of the square change?

    • Options
    • A. Becomes four fold
    • B. Becomes three fold
    • C. Becomes two fold
    • D. None of the above
    • Discuss
    • 3. 46080, 3840, 384, 48, 24, 2, 1

    • Options
    • A. 1
    • B. 2
    • C. 24
    • D. 384
    • Discuss
    • 4. The difference between the length and breadth of a rectangle is 23 m. If its perimeter is 206 m, then its area is:

    • Options
    • A. 1520 m2
    • B. 2420 m2
    • C. 2480 m2
    • D. 2520 m2
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    • 5. 
      4/5 of a number exceeds its 2/3 by 8. The number is?

    • Options
    • A. 30
    • B. 60
    • C. 90
    • D. None of these
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    • 6. 
      Find the angle between minute hand and hour hand at 2 : 18 AM

    • Options
    • A. 37°
    • B. 33°
    • C. 39°
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    • 7. 
      Rakesh, Dinesh and Mahesh start a business by investing ? 5000 , ? 8000 and ? 12000 , respectively . At the end of year, they got the profit of ? 12500. What is the share of Dinesh in profit?

    • Options
    • A. ? 4000
    • B. ? 4500
    • C. ? 6000
    • D. ? 7500
    • Discuss
    • 8. The least multiple of 7, which leaves a remainder of 4, when divided by 6, 9, 15 and 18 is:

    • Options
    • A. 74
    • B. 94
    • C. 184
    • D. 364
    • Discuss
    • 9. If log 27 = 1.431, then the value of log 9 is:

    • Options
    • A. 0.934
    • B. 0.945
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    • 10. A box contains 2 white balls, 3 black balls and 4 red balls. In how many ways can 3 balls be drawn from the box, if at least one black ball is to be included in the draw?

    • Options
    • A. 32
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    • C. 64
    • D. 96
    • E. None of these
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