Sumit Machine Ltd. issued 50,000 shares of ₹10 each at par. The shares were payable ₹3 on the application, ₹5 on the allotment, and the balance on the first and final call. It received ₹123000 on application. What amount should the company receive on the allotment?

₹205000

Shares issued=50000 at par @10 each
Application is of ₹3, and amount received on application is ₹123000 which means shares subscribed by the public= 123000/3 =41000 shares
Allotment money = 41000 shares X 5= ₹205000