Question

Zebra Ltd. Invites applications for 50,000 shares for which Rs.2 per share is payable on application. Applications were received for 80,000 shares and 50,000 shares are allotted on pro-rata basis to the applications for 70,000 shares. Calculate the excess application money from X, who was allotted 200 shares. (a) Rs. 160 (b) Rs. 100 (c) Rs. 300 (d) Rs. None of the above

Answer 1

none of the above is your answer it can be hundred rupees

Answer 2

option (a) Rs.160 is the answer