The face value of a share is revalued from 120 per share to 50 per share. If the market value is 120% of the face value and the selling price is 50% of the market value, find the change in the selling price.
The face value of a share is revalued from 120 per share to 50 per share. If the market value is 120% of the face value and the selling price is 50% of the market value, find the change in the selling price. Correct Answer 42 rupees
The initial face value = 120 rupees The initial market value = 120% of 120 = 144 rupees The initial selling price = 50% of the market value = 72 rupees The changed face value = 50 rupees The changed market value = 120% of 50 = 60 rupees The changed selling price = 50% of the market value = 30 rupees The difference in selling prices = 72 – 30 = 42 rupees.
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Feb 20, 2025