Question

Find the amount received when $300$ shares of FV Rs $100$ were sold at a discount of Rs $30$.

• A. $15000$
• B. $20000$
• C. $21000$
• D. $12000$

Answer 1

Answer: (C)

$21000$

Face Value of shares $=$ Rs $100$

Discount given per share $=$ Rs $30$

$\Rightarrow$Selling Price of shares $=$ Rs $70$

Amount of shares $=300$

Total amount received $=300\times 70=$ Rs $21000$