How much money will be required to buy $ 125, $ Rs. $ 30 $ shares at a discount of Rs. $ 3? $ A.Rs. $ 3375 $ B.Rs. $ 1370 $ C.Rs. $ 3380 $ D.Rs. $ 1675 $
Hint: First of all we will find the price of one share subtracting the discount for the share from the price of the share to get its purchase price and then multiply with the given number of shares to get its total money required.
Complete step-by-step answer: Given that the original price of one share is Rs. $ 30, $ Also, the discount of Rs. $ 3 $ is given in its original price. So, the purchase price of one share $ = 30 - 3 $ Rs. the purchase price of one share $ = 27 $ Rs Now, given that we want to purchase $ 125 $ shares Amount required $ = 125 \times 27 $ Rs. Simplify the product of the terms in the above expression – Amount required $ = 3375 $ Rs. Hence, the money required to buy $ 125, $ Rs. $ 30 $ shares at a discount of Rs. $ 3 $ is Rs. $ 3375 $ From the given multiple choices, the option A is the correct answer. So, the correct answer is “Option A”.
Note: Always remember to subtract the discount given on shares and when the premium is given you have to add Rs to its price of one share. Be good in multiplication of the terms to get the correct value. Read the question twice and find the price of one share and accordingly get the price of the required shares.