A company had allotted 10,000 shares to the applicants of 14,000 shares on a pro-rata basis. The amount payable on the application was ₹2. F applied for 420 shares. How much shares was allotted to F?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- 300.
Pro-rata made on 14,000 shares to whom 10,000 shares were allotted means who applied for 14 share get 10 share.
F applied for 420 shares.
Allotted shares to F = 10/14 X 420
= 300 shares