MathematicsPhilomina sold 45 shares at Rs. 120 market price. She invested the amount she got shares at Rs. 75 market price. How many shares did she get?

Philomina sold 45 shares at Rs. 120 market price. She invested the amount she got shares at Rs. 75 market price. How many shares did she get?


  1. A
    100
  2. B
    80
  3. C
    72
  4. D
    75 

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    Solution:

    Concept- Calculate the total price of the selling by multiplying the number of shares by the selling price per share
    After that, divide the total price and selling price.
    Total number of shares sold by Philomena = 45
    Price is = 120 per share
    ∴ The total selling price of shares = 45 × 120 = Rs. 5400
    Given that she sold 45 shares for 120 rupees each, the money she received was invested in a share at a market price of 75 rupees.
    Therefore, No. of shares received by Philomina after her investment is, = [Rs. 5400] 75 = 72
    Hence, the correct option is 3.
     
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