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Question
How much money will be required to buy 250, Rs.15 shares at a discount of Rs.1.50?
Solution
Number of shares to be bought = 250
Rs. 15 shares at a discount of Rs. 1.50 means;
Nominal value of the share is Rs. 15 and
Its market value = Rs. 15 – Rs. 1.50 = Rs. 13.50
∴ Money required to buy 1 share = Rs. 13.50
⇒ Money required to buy 250 shares = 250 × Rs. 13.50 = Rs. 3375
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