ICSEClass XMathematicsShares And Dividends01 Mark2024 Easy

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

Exam-ready answer 01 Mark

Answer

(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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