12500 shares, of par value Rs. 20 each, are purchased from Ram by Mohan at a price of Rs. 25 each. If Mohan further sells the shares at a premium of Rs. 11 each, find his gain in the transaction.  Choose the correct choice from the following answers.
A) 75000  B) 76000  C) 77000  D) 74000  E) 70000
Face value of each share = Rs.20   Market value of each share = Rs.25   Number of shares = 12500   Amount required to purchase the shares = 12500 × 25 = 312500   Mohan further sells the shares at a premium of Rs. 11 each   ie, Mohan further sells the shares at Rs.(20+11) = Rs.31 per share   total amount he gets by selling all the shares = 12500 × 31 = 387500   His gain = 387500 - 312500 = Rs.75000   75000nswer is 75000.
<result>A</result>
12500 shares, of par value Rs. 20 each, are purchased from Ram by Mohan at a price of Rs. 25 each. If Mohan further sells the shares at a premium of Rs. 11 each, find his gain in the transaction.