A man invested Rs .45000 in Rs. 100 shares quoted at Rs .125 when the market value of these shares rose to Rs .140, he sold some shares, just enough to raise Rs .8400. The number of shares he still holds is ____.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

Concept- The number of shares that are still held by the person is what needs to be determined in this particular case. If the number of shares purchased and sold are known, it can be simply determined. Therefore, we must first determine the number of shares he bought and then the number of shares he sold after the price increase. The number of shares he still owns can be calculated by deducting the number of shares he sold following a price increase from the total number of shares he bought. Specifically, "number of shares he still owns = (shares purchased) - (number of shares sold)
Current price of share

Amount invested

Number of shares

Let's assume he sold

shares at

shares
Therefore stock still left with him

shares
Hence, the correct answer is 300.

Watch 3-min video & get full concept clarity