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Question
A person invests ₹ 9900 in ₹ 100 shares at 10% discount. The number of shares he buys are ______.
Options
120
110
100
90
MCQ
Fill in the Blanks
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Solution
A person invests ₹ 9900 in ₹ 100 shares at 10% discount. The number of shares he buys are 110.
Explanation:
Given:
Investment = ₹ 9900
Face value of each share = ₹ 100
Shares are bought at 10% discount
Market price per share = ₹ 100 − 10% of ₹ 100
= ₹ 90
Number of shares `=9900/90`
= 110
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