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Find the cost...

Question

Find the cost of 85 shares of Rs 60 each when quoted at Rs 63.25.

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Solution

cost of one share =60.
Each share is quoted at a new value of 63.25
Hence cost of 1 share =63.25
cost of 85 shares = 85 $\times$ 63.25 = 5376.25 Rupees.

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