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Question
Calculate the investment required to buy:
600 shares of Rs 25 each at a discount of Rs 3.
Solution
600 shares of Rs 25 each at a discount of Rs 3.
No. Of shares to be purchased = 600
Rs 25 shares at a discount of Rs 3 = Rs (25-3) = Rs 22
Therefore, money required to purchase 600 shares
= Rs 22 x 600 =Rs 13,200.
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