Sam buys shares of a company at Rs 90 and sells them when the price becomes Rs 30 below par. What will be his loss if he invested Rs 4050?

Rs 800

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Rs 600

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Rs 900

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Rs 850

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Solution

The correct option is C
Rs 900

Number of shares bought = Rs 4050/90 =45

Selling price of 1 share = Rs (100 - 30) = Rs 70

Selling price of 45 shares = 70 $\times$ 45 = Rs 3150

Cost price of 45 shares = Rs 4050

Therefore loss = Rs (4050 - 3150) = Rs 900

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Sam buys shares of a company at ₹ 90 and sells them when the price becomes ₹ 30 below par. What will be his loss if he invested ₹ 4050?

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Sam buys shares of a company at Rs 90 and sells them when the price becomes Rs 30 below par. What will be his loss if he invested Rs 4050?

The correct option is C Rs 900 Number of shares bought = Rs 4050/90 =45 Selling price of 1 share = Rs (100 - 30) = Rs 70 Selling price of 45 shares = 70 × 45 = Rs 3150 Cost price of 45 shares = Rs 4050 Therefore loss = Rs (4050 - 3150) = Rs 900

The correct option is C
Rs 900

Number of shares bought = Rs 4050/90 =45

Selling price of 1 share = Rs (100 - 30) = Rs 70

Selling price of 45 shares = 70 $\times$ 45 = Rs 3150

Cost price of 45 shares = Rs 4050

Therefore loss = Rs (4050 - 3150) = Rs 900