Ca ipcc costing fm cost of capital

Please consider the following example-

a company issued. FV Rs100 share  at Discount-5% and floatation cost-5%.What will be the Net proceeds from issue 

100-(5%+5%)=90 or

100-5%-5%=90.25

Please reply 

thanks

I was also having same answer earlier but suggested answers of Nov 2015 Q1(d) have done 1000-(5%+2%)=970

therefore a bit confused