Question

How much money will be required to buy 125, Rs. 30 shares at a discount of Rs. 3?

• A. Rs.3375
• B. Rs.1370
• C. Rs.3380
• D. Rs.1675

Answer 1

Answer: (A)

Rs.3375

$Rs.30$ shares at a discount of $Rs.3$ means , its market value is $30-3=Rs.27$

$\therefore$money required to buy $1$ share $=Rs.27$

$\therefore$ Money required to buy $125$ share $=27\times 125=Rs.3375$