Find the amount received when 700 shares of FV Rs. 100, were sold at a discount of Rs. 25. (Show ans with proper steps)
Answers
Answered by
1
Answer:
Amount received =
Step-by-step explanation:
MV = FV - Discount
MV = 100 - 25
MV = 75
Sum invested = No.of shares × MV
= 700 ×75
= 52,500
Answered by
3
Answer:
No. of shares = 700 shares
selling price = ₹ 100 - ₹ 25 = ₹ 75 per share
Proceeds from issue of shares = 700 shares x ₹ 75 per share = ₹ 52,500
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