QQuestion
The sum invested to purchase 15 shares of nominal value ₹75 each at a discount of 20% is:
(a) ₹60
(b) ₹90
(c) ₹1350
(d) ₹900
The sum invested to purchase 15 shares of nominal value ₹75 each at a discount of 20% is:
(a) ₹60
(b) ₹90
(c) ₹1350
(d) ₹900
(d) ₹900
Explanation:
Nominal value of one share = ₹75
Discount = 20%
Discount on one share = \frac{20}{100} × 75
⇒ Discount on one share = ₹15
Market value of one share = Nominal value − Discount
⇒ Market value of one share = ₹75 − ₹15
⇒ Market value of one share = ₹60
Number of shares purchased = 15
Total investment = 15 × ₹60
⇒ Total investment = ₹900
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