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Question
Calculate the investment required to buy:
425 shares of Rs 10 each at a discount of Rs 1.50.
Solution
425 shares of Rs 10 each at a discount of Rs 1.50.
No. Of shares to be purchased = 425
Rs 10 shares at a discount of Rs 1.50 =Rs (10-1.50) =Rs 8.50
Therefore, money required to purchase 425 shares
=Rs 8.50 x 425
= Rs 3612.50
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