Question

Market value of mutual fund is 400 crore rupees which is divided into 8 crore units. Suppose you invest $ Rs.10000 $ in the units, how many units will you get?

Answer 1

Hint: In order to answer this question, to calculate the total units that we will get, first we will find the per unit value in rupees with the help of the given fact. And then with the help of the value of $ 1unit $ , we can calculate the total units of the investment.

Complete step by step solution:
As we can see that in question,
Market Value of mutual fund is:
400 crore rupees in 8 crore units.
 $ \therefore $ 1 crore rupees is divided into $ \dfrac{{400}}{8}\dfrac{{crore}}{{crore}} $ which is $ Rs.50\,per\,unit $ .
The investment is of $ Rs.10000 $ .
 $ \because 1unit = Rs.50 $
Hence, we will get $ \dfrac{{10000}}{{50}}units = 200 units $ .
So, the correct answer is “200 units”.

Note: The unitary method is a technique for solving a problem by first finding the value of a single unit, and then finding the necessary value by multiplying the single unit value. In essence, this method is used to find the value of a unit from the value of a multiple, and hence the value of a multiple