Question

a Anish Ltd, issued prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro- rata allotment was made to the applicants of 2,400 shares. If Dhruv has been allotted 40 shares, how many shares he must have applied for?​

Answer 1

Given :

A Anish Ltd, issued prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro- rata allotment was made to the applicants of 2,400 shares.

To find:

How many shares he must have applied for?

Solution :

A applied for

$(2400*40)/2000\\=48$

Hence, 48 shares he must applied for.

Answer 2

Explanation:

(c) 48 is a correct option