1.

Kira invests in the shares of a company. If he buys 48 shares more, he will invest Rs.1200 more. If he buys 40 shares less, the total face value of his shares will be Rs.800 less. He must buy each share ________.A. at parB. below parC. above parD. Cannot be determined

Answer» Correct Answer - C
Market value of each share (in Rs.)`=(1200)/(48)=25`
`thereforem=25`
`"Face value of each share (in Rs.)"=(800)/(40)=20`
`thereforef=20`
`thereforem gt 25`
`therefore " Kiran bought each share above par"`.


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