CUET Preparation Today
Jain and Co. purchased a machine from Young Life Machine Limited for Rs. 3,80,000. As per the purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs. 100 each. How many shares are issued if the shares are issued at 20% premium. |
3,600 shares 3,200 shares 3,000 shares 3,800 shares |
3,000 shares |
The correct answer is Option (2) → 3,000 shares |
