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Shares have total FV₹6,000 and sell at 25% premium. Purchase cost?

A₹4,800
B₹6,025
C₹6,250
D₹7,500
Answer & Solution
Correct answer: D. ₹7,500
A 25% premium makes the market cost 125% of ₹6,000, or ₹7,500.
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