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Question
The money required to by 50, ₹ 20 shares at ₹ 10 discount is ______.
Options
₹ 900
₹ 1,100
₹ 500
₹ 800
MCQ
Fill in the Blanks
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Solution
The money required to by 50, ₹ 20 shares at ₹ 10 discount is ₹ 500.
Explanation:
Face value of 1 share = N.V of 1 share
= ₹ 20
∴ M.V of 1 share
= ₹ 20 – Discount
= ₹ 20 – 10
= ₹ 10
∴ Money required to buy 50 shares
= 50 × 10
= ₹ 500
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