The subscribed capital of a company is ₹80,00,000 and the nominal value of the share is ₹100 each. There were no calls in arrears till the final call was made. The final call made was paid on 77,500 shares only. The balance in the calls in arrears amounted to ₹62,500. What is the final call on share?

₹25

The correct answer is option 1- ₹25.

Total shares = ₹80,00,000 of ₹100 each means 80,00,000/100
                                                                  = 80,000 shares

Final call was for 77,500 shares means 2,500 shares were not paid
Amount not received on 2,500 shares were ₹62,500
Final call = 62,500/2,500
              = ₹25