Self
Exam
Numerical Ability
Sequence and Series
Q4. The face value of a share is Rs 100. It is sold at a discount of Rs 5. How many such shares can be bought by investing Rs 38,000?
Read Solution (Total 2)
-
- Face value of a share=Rs.100
Discount=5%
so,Share is bought at Rs.95
Investing amount=Rs.38,000,so 380 shares are bought without discount
With discount 400 shares can be bought - 10 years agoHelpfull: Yes(2) No(0)
- Purchase price of one share = 100 - 100 X 5/100 = 95
number of shares = 38,000/95 = 400 - 3 years agoHelpfull: Yes(0) No(0)
Self Other Question