What is the formula for finding the number of shares when investment, market value and nominal value are given ?
Asked by Rachel | 31st Dec, 2017, 07:55: AM
Answered by Arun | 31st Dec, 2017, 11:47: AM
- Mrs.Matharu sold shares of face value ₹100, when the market value was ₹65 and recieved ₹9634.95 she paid brokerage 1% and GST on brokerage is 18% How many shares did she sell?
- I=pxn(n+1)/2x12xr/100 1000xn(n+1)/24x10/100=5550 100n(n+1)/24=5550 n(n+1)=1332 I have also got this answer can u plz explain me how u got n =36 and 37 from which number u have divided to get this number
- banking ch.
- 6 no.
- ch shares and dividends
Kindly Sign up for a personalised experience
- Ask Study Doubts
- Sample Papers
- Past Year Papers
- Textbook Solutions
Verify mobile number
Enter the OTP sent to your number