Question

Live Fund are selling their holding at $5,000 per share. How much would Live Fun receive if they sold half thier holding in Marks Brothers?

Answer 1

Live Fund receive $\bold{\ 2500 N}$ it they sold half thier holding in Marks Brothers.

Solution:

Given: Sale price of Live Fund holding is 5000 dollar

To find: Amount that Live Fund will get if they sell half of their holding in Marks Brothers.

Assume the total holdings held by Live Fund in Marks Brothers as N

Therfore, half the number of shares or (half the holdings) of Live Fund will be $\frac{N}{2}$.

Thus, if each share is valued at $\ 5000$, then the total value of the number of shares sold will be as follows,

$\Rightarrow5000\times\frac{N}{2}\text{ dollars }\rightarrow\frac{5000\times N}{2}\text{ dollars }$

$\Rightarrow2500 N\text{ dollars }$

Hence, Live Fund will receive $\ 2500 N$