Question

X Ltd., issued a prospectus inviting applications for 40,000 shares. Applications were received for 50,000 shares. Applications for 2,000 shares were rejected and pro-rata allotment was made to the remaining applicants. If Ganesh has been allotted 1,500 shares, how many shares he must have applied for?

(A) 1,250 shares

(C) 1,875 shares

(B) 1,800 shares

(D) 1,200 shares​

Answer 1

Answer:

1,875 shares

right answer at my opinion!!