A company makes an advertisement of shares to collect a capital of Rs. 25 lacs. If the printed price of one share is Rs. 100, then find the number of shares circulated by the company.
- AOption (a)
20000
- BOption (b)
25000
- COption (c)
30000
- DOption (d)
15000
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Correct answer
25000
Why this answer is correct
Given:
The total price of shares = Rs. 2500000
Price of one share = Rs. 100
Concept used:
Number of shares = Total price of shares/Price of one share
Calculation:
The total price of shares = Rs. 2500000
Price of one share = Rs. 100
Number of shares = Total price of shares/Price of one share
⇒ Number of shares = 2500000/100 = Rs. 25000
∴ The number of shares circulated by the company is 25000.
