Question

How much money will be required to buy 250, Rs.15 shares at a discount of Rs.1.50?

Answer 1

Number of shares to be bought = 250

Rs. 15 shares at a discount of Rs. 1.50 means;

Nominal value of the share is Rs. 15 and 

Its market value = Rs. 15 – Rs. 1.50 = Rs. 13.50

∴ Money required to buy 1 share = Rs. 13.50

⇒ Money required to buy 250 shares = 250 × Rs. 13.50 = Rs. 3375