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How much money will be required to buy 125, Rs. 30 shares at a discount of Rs. 3?

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Question

How much money will be required to buy 125, Rs. 30 shares at a discount of Rs. 3?

Sum
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Solution

Nominal value of 1 share = Rs. 30

Market value of 1 share

= Rs. 30 – Rs. 3

= Rs. 27

No. of shares purchased = 125

Money required to buy 125 shares

= Rs. 27 × 125

= Rs. 3,375

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Chapter 3: Shares and dividends - Exercise 3A [Page 37]

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Nootan Mathematics [English] Class 10 ICSE
Chapter 3 Shares and dividends
Exercise 3A | Q 2. | Page 37

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