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Mathematics

The sum invested to purchase 15 shares of a company of nominal value ₹ 75 available at a discount of 20% is:

  1. ₹ 60

  2. ₹ 90

  3. ₹ 1350

  4. ₹ 900

Shares & Dividends

ICSE 2024

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Answer

N.V. = ₹ 75

Discount = 20%

M.V. = ₹ 75 - 20100×75\dfrac{20}{100} \times 75

= ₹ 75 - ₹ 15

= ₹ 60.

Cost of 15 shares = 15 × ₹ 60 = ₹ 900.

Hence, Option 4 is the correct option.

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