Mathematics
The sum invested to purchase 15 shares of a company of nominal value ₹ 75 available at a discount of 20% is:
₹ 60
₹ 90
₹ 1350
₹ 900
Shares & Dividends
ICSE 2024
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Answer
N.V. = ₹ 75
Discount = 20%
M.V. = ₹ 75 -
= ₹ 75 - ₹ 15
= ₹ 60.
Cost of 15 shares = 15 × ₹ 60 = ₹ 900.
Hence, Option 4 is the correct option.
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