Raj Ltd. purchased a machine from Anuj Tech Ltd. for Rs. 1,90,000. As per purchase agreement, Rs. 10,000 were paid in cash and balance by issue of shares of Rs. 100 each. Find the number of shares issued to Anuj Tech Ltd., if the shares issued at 20% premium.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 1,500
When shares are issued to a vendor, the vendor gets shares worth the amount still due to him, valued at their issue price, face value plus premium.
Amount to be paid in shares = Rs. 1,90,000 − Rs. 10,000 paid in cash = Rs. 1,80,000
Issue price per share = Rs. 100 + 20% premium = Rs. 120
Number of shares = Rs. 1,80,000 ÷ Rs. 120 = 1,500
Note: NTA picked this question from an NCERT (2026-27) illustration and changed the figures. Do not ignore NCERT while practising numericals.
NCERT (2026-27 edition):
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