Stocks A, B and C are priced at rupees 120, 90 and 150 per share, respectively. A trader holds a portfolio consisting of 10 shares of stock A, and 20 shares of stocks B and C put together. If the total value of her portfolio is rupees 3300, then the number of shares of stock B that she holds, is
Stocks A, B and C are priced at rupees 120, 90 and 150 per share, respectively. A trader holds a portfolio consisting of 10 shares of stock A, and 20 shares of stocks B and C put together. If the total value of her portfolio is rupees 3300, then the number of shares of stock B that she holds, is
Entered answer:
Solution
✅ Correct Answer: 15
Stock A is priced at Rs. 120 per share, Stock B at Rs. 90, and Stock C at Rs. 150.
The trader holds 10 shares of A, and 20 shares of B and C combined, with a total portfolio value of Rs. 3300.
Let the number of shares of B
Then the number of shares of C
Value from Stock A
Remaining value from B and C
The number of shares of Stock B
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