Honda Atlas issued 100,000 shares of stock. In 1990, each share of stock was worth Rs. 152.50. In 1993, each share of the stock was worth Rs. 21.20. How much less the 100,000 shares worth in 1993 than in 1990?

Question

Ronnie Mahoney

Mathematics

31 May, 01:18

Honda Atlas issued 100,000 shares of stock. In 1990, each share of stock was worth Rs. 152.50. In 1993, each share of the stock was worth Rs. 21.20. How much less the 100,000 shares worth in 1993 than in 1990?

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Answers (1)

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Darwin Foster · Answer 1

Rs. 13,130,000

Step-by-step explanation:

Lets solve first for year 1990

Value of stock in 1990 = Rs. 152.50

No. of stocks issued in 1990 = 100,000

Total value of these stocks in 1990 = Value of stock in 1990 * no of stocks issued in 1990 = 152.50*100,000 = Rs. 15,250,000

Let solve first for year 1993

Value of stock in 1993 = Rs. 21.20

No. of stocks 1993 = 100,000

Total value of these stocks in 1993 = Value of stock in 1993 * no of stocks issued in 1993 = 21.20*100,000 = Rs. 2,120,000

Decrease in value of stock in 1993 in comparison to 1990 = Total value of the stocks in 1990 - Total value of the stocks in 1993

= Rs. 15,250,000 - Rs. 2,120,000

= Rs. 13,130,000

Thus, the 100,000 shares worth Rs. 13,130,000 lesser in 1993 than in 1990.