In 2002, 70\% of the total market value was received from old shareholders and the rest from new shareholders. Given that the total shares in 2002 were calculated as $10000 imes \frac{120}{100} = 12000$ and the market price per share was $75$, with new shareholders contributing 30\% of the shares, find the total market value received from new shareholders.

Question

In 2002, 70\% of the total market value was received from old shareholders and the rest from new shareholders. Given that the total shares in 2002 were calculated as $10000 	imes \frac{120}{100} = 12000$ and the market price per share was $75$, with new shareholders contributing 30\% of the shares, find the total market value received from new shareholders.

Accepted Answer

**Solution:**

1. Calculate the total shares in 2002:
   - Given initial shares = 10,000
   - Increase by 20\% means total shares = $10000 	imes \frac{120}{100} = 12000$

2. Calculate the number of shares from new shareholders:
   - New shareholders contributed 30\% of total shares
   - Number of shares from new shareholders = $12000 	imes \frac{30}{100} = 3600$

3. Calculate the total market value received from new shareholders:
   - Market price per share = $75$
   - Total market value = $3600 	imes 75 = 270,000$

**Answer:** $270,000$

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