1(ix)
The sum invested to purchase 15 shares of a company of nominal value ₹ 75 available at a discount of 20% is:
- (a)₹ 60
- (b)₹ 90
- (c)₹ 1350
- (d)₹ 900
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N.V. = ₹ 75
Discount = 20%
M.V. = ₹ 75 - $\frac{20}{100} \times 75$
= ₹ 75 - ₹ 15
= ₹ 60.
Cost of 15 shares = 15 × ₹ 60 = ₹ 900.
Hence, Option 4 is the correct option.