3. A company allotted 20,000 shares to applicants of 50,000 shares after rejecting 10,000 applications. The ratio in which company allotted the share will be:
(a) 5:2 (b) 5:3 (C) 2:1 (d) 3:1 .
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Explanation:
Total shares the company had were 20,000. Now the number of applicants initially bid for share purchasing were 50,000 out of which 10,000, were not approved. Hence the approved applicants will be 40,000.
Ratio of distribution of shares will be = 40,000 / 20,000
2 : 1
One applicant will get half share
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