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Question
If Jagbeer invest ₹10320 on ₹100 shares at a discount of ₹ 14, then the number of shares he buys is
Options
110
120
130
150
MCQ
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Solution
Investment = ₹ 10320
Face value of each share = ₹ 100
M.V. of each share = ₹ 100 – 14 = ₹ 86
No. of shares = `(10320)/(86)` = 120.
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