A share of ₹10 on which ₹8 was called up was forfeited for non-payment of ₹5. This share can be reissued at a minimum price of ₹..

7

The correct answer is option 4- 7.

A share of ₹10 on which ₹8 was called up was forfeited for non-payment of ₹5. This share can be reissued at a minimum price of ₹7.

Minimum reissue is the price which is not received on shares so here 5 is not received on called up of ₹8. So, non called up amount is 2 and not received amount is 5. So, total reissue price is 7.