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Question
Calculate the investment required to buy:
750 shares of Rs 100 each at a discount of 24%.
Solution
750 shares of Rs 100 each at a discount of 24°/o.
No. Of shares to be purchased = 750
Rs 100 shares at a discount of 24°/o = Rs ( 100 - 24°/o of Rs 100) = Rs( 100 - 24) =Rs 76
Therefore, money required to purchase 750 shares
= Rs 76 x 750 =Rs 57,000.
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