Mathematics
How much money will be required to buy 250, ₹ 15 shares at a discount of ₹ 1.50 ?
Shares & Dividends
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Answer
No. of shares to be bought = 250.
₹ 15 shares at a discount of ₹ 1.50 means; nominal value of the share is ₹ 15 and its market value = ₹ 15 - ₹ 1.50 = ₹ 13.50
∴ Money required to buy 250 shares = 250 × ₹ 13.50 = ₹ 3,375.
Hence, money required to buy 250 shares = ₹ 3,375.
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