Question

How much money will be required to buy 250, Rs 15 shares at a discount of Rs  1.50?

Answer 1

Number of shares to be bought = 250

Rs 15 shares at a discount of Rs 1.50 means

the nominal value of the share is Rs 15 and 

its market value = Rs 15 - Rs 1.50 = Rs 13.50

∴ Money required to buy 1 share = Rs 13.50

=> Money required to buy 250 shares = 250 x Rs 13.50 = Rs 3375