Question

A man sold 600 (Rs.1) share for Rs750.At what price did the shares stand?at what premium or discount were they quoted?​

Answer 1

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• Price of the shares stand is Rs 1.25
• Rate per premium share is Rs 0.25

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• A man sold 600 (Rs.1) share for Rs750.

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$\\ \sf \: Price \: of \: the \: shares \: stand :- \\ \\ \sf : \implies \: \: \dfrac{750}{600} \\ \\ \sf : \implies \: \: Rs\: 1.25$

$\\ \sf \: Rate \: per \: premium \: share :- \\ \\ \sf : \implies \: \: 1.25 - 1 \\ \\ \sf : \implies \: \: Rs \: 0.25$