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...

Banking IBPS PO Mains Easy Simplification MCQ

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 $10000 \times \frac{120}{100} = 12000$ 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.

Options

$140,000$

$350,000$

$27,000$

$270,000$

$210,000$

market valueshareholderspercentagemultiplicationshares

Solve This Question

Get instant feedback with detailed step-by-step solution

Start Solving →

Continue Practicing

More Simplification questions
All Banking topics
Free practice mode

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...

Question

Options

Solve This Question

Continue Practicing

Similar Questions