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Smt. Deshpande purchased shares of FV Rs. 5 at a premium of Rs. 20. How many shares will she get for Rs. 20,000?

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Smt. Deshpande purchased shares of FV Rs. 5 at a premium of Rs. 20. How many shares will she get for Rs. 20,000?

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Here, FV = Rs. 5, Premium = Rs. 20, 

Sum invested = Rs. 20,000 

∴ MV = FV + Premium 

= 5 + 20 

∴ MV = Rs. 25 

Now, sum invested = Number of shares × MV

∴ Smt. Deshpande got 800 shares for Rs. 20,000.

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