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Question
Calculate the investment required to buy:
340 shares of Rs 125 each at a discount of 20%.
Solution
340 shares of Rs 125 each at a discount of 20 %.
No. Of shares to be purchased = 340
Rs 125 shares at a discount of 20 % =Rs (125 - 20 % of Rs 125) = Rs( 125 - 25) = Rs 150
Therefore, money required to purchase 340 shares
= Rs 100 x 340 =Rs 34,000.
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