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The face value of a share is revalued from 500 per share to 750 per share. If the market value is 150% of the face value and the selling price is 75% of the market value, find the change in the selling price.

Correct Answer: 28.125 rupees
The initial face value = 500 rupees The initial market value = 150% of 500 = 750 rupees The initial selling price = 75% of the market value = 562.5 rupees The changed face value = 750 rupees The changed market value = 150% of 750 = 1125 rupees The changed selling price = 75% of the market value = 843.75 rupees The difference in selling prices = 843.75 – 562.5 = 28.125 rupees.

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