Question

Find the amount received when 300 shares of FV Rupees 100, were sold at a discount of Rupees 30. Solve the word problem

Answer 1

Step-by-step explanation:

There are 300 shares which were sold at face value minus discount i.e 100-30= ₹70

: Total amount received is 300 x 70= ₹21000

OR

FV x no. of shares = 300 x100 = 30000

Amount of discount per share x no.of shares= 30 x 300= 9000

: 30000-9000= ₹ 21000