1.

Find the market value of 200 shares worth Rs. 120, each bought at a discount of Rs. 20 . (in Rs.)A. 28000B. 24000C. 26000D. 20000

Answer» Correct Answer - D
The number of shares `=200`
Face value (FV) of each share `= Rs. 120`
Discount on each share `= Rs. 20`
Market value of each share `=FV-` Discount
= Rs. 120- Rs. 20
= Rs. 100
`:.` Market value of 200 shares (in Rs.)`=200xx100= Rs. 20,000`.


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