A man invested Rs. 45000 in 15% Rs. 100 shares quoted at Rs. 125 when the market value of these shares rose to Rs. 140, he sold some shares, just enough to raise Rs. 8400. Calculate the number of shares he still holds.

To solve the problem, we first need to determine how many shares the man initially bought and then how many he sold to raise Rs. 8400.

Initial Investment Calculation

The man invested Rs. 45000 in shares priced at Rs. 125 each. To find out how many shares he purchased, we use the formula:

• Number of shares bought = Total investment / Price per share

Substituting the values:

• Number of shares = 45000 / 125 = 360 shares

Sale of Shares

Next, we need to determine how many shares he sold to raise Rs. 8400. The selling price per share is Rs. 140. We can calculate the number of shares sold using:

• Number of shares sold = Amount raised / Selling price per share

Substituting the values:

• Number of shares sold = 8400 / 140 = 60 shares

Remaining Shares

Finally, to find out how many shares he still holds, we subtract the number of shares sold from the initial number of shares:

• Remaining shares = Initial shares - Shares sold

Calculating this gives:

• Remaining shares = 360 - 60 = 300 shares

Final Answer

The man still holds 300 shares.