The money required to buy 50 of ₹ 40 shares at a discount of ₹ 10 will be
₹ 1000
₹ 2500
₹ 1500
₹ 2000
Money required to buy 1 share
= ₹ 40 - ₹ 10 = ₹ 30
Money required to buy 50 share
= 50 × 30
= ₹ 1500
How much money will be required to buy 400 shares id nominal value is Rs 12.50 per share at a premium of Rs 1?
The money required to buy 100, ₹ 15 shares at a premium of ₹ 5 is _________