Question

(iv). BC Ltd issues equity shares of 10 each at application 3-, on allotment 5 on first call 2. B) 4 (D) 14. 25. X Ltd inviting application for 2,000 shares. Application were received for 3,000 shares and pro-rata allotment was made to the applicants of 2,400 shares. If Mr Gov has been allotted 40 shares, how many shares he hs applied for ? (B) 44 (D) 52.(A). 40 (C) 48
ravi jo in kr mala ata pls​

Answer 1

A fruit-seller buys some oranges and by selling 40% of them he realizes the cost price of all the oranges. As the oranges being to grow over-ripe, he reduces the price and sells 60% of the remaining oranges at one third of the previous rate of profit. The rest of the oranges being rotten are thrown away. The overall percentage of profit is???

answer is 54% but how I need explanation