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Question
Find the market value of 240, ₹ 50 shares at a discount of ₹ 5.
Sum
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Solution
Given:
Number of shares = 240
Face value (nominal) of each share = ₹ 50
Discount on each share = ₹ 5
Step-wise calculation:
1. Market value (price) of one share
= Face value – Discount
= ₹ 50 – ₹ 5
= ₹ 45
2. Total market value of 240 shares
= 240 × ₹ 45
= ₹ 10,800
The market value of 240, ₹ 50 shares at a discount of ₹ 5 is ₹ 10,800.
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