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Question
₹ 200 shares are available at a discount of 20%. The market price of 50 shares is ______.
Options
₹ 11,000
₹ 8,000
₹ 19,000
₹ 14,000
MCQ
Fill in the Blanks
Solution
₹ 200 shares are available at a discount of 20%. The market price of 50 shares is ₹ 8,000.
Explanation:
Face value of 1 share N.V of one share = ₹ 200
∴ M.V of one share
= N.V – Discount
= ₹ 200 – 20% of ₹ 200
= `₹ 200 - 20/100 xx 200`
= ₹ (200 – 40)
= ₹ 160
∴ The market price of 50 shares
= 50 × 160
= ₹ 8000
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