how much many will be required to buy 250 rs 15 shares at a discount of 1.50
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Given: Rs 15 shares at a discount of 1.50
To find: How much many will be required to buy 250.
Solution:
- Now we have number of shares which are to be bought: 250
- Now Rs 15 shares at a discount of Rs 1.5 which means the nominal value of the share is Rs 15 and its market value will be:
15 - 1.5 = 13.5 Rs
- Now money required to buy 1 share = Rs 13.5
- So money required to buy 250 shares:
Rs 13.5 x 250 = Rs 3375
Answer:
Rs 3375 will be required to buy 250 shares.
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Question related to Shares and Dividends
Asking:
How much money will be required to buy 250 Rs. 15 shares at a discount of Rs. 1.50?
Solution:
Solution:Given:
Number of shares to be bought is 250.
The meaning of the statement Rs 15 shares at a discount of Rs 1.50 is
Nominal value of the share is Rs 15
Hence its market value = Rs 15 – Rs 1.50 = Rs 13.50
Thus:
The money required to buy 250 shares = 250 x Rs 13.50 = Rs 3375
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