Question : Z Ltd. offered to public 80,000 shares for subscription. Applications were received for 1,30,000 shares and pro rata allotment was made to the applicants. X applied for 52,000 shares and Y was allotted 16,000 shares.
On the basis of above information, calculate
Question :- How many shares were allotted to X?
Option 1: 32,000 shares
Option 2: 8,000 shares
Option 3: 82,000 shares
Option 4: None of these
Correct Answer: 32,000 shares
Solution :
Answer = 32,000 shares
No. of shares allotted to X = 80,000 /1,30,000 x 52,000 or 8/13 x 52,000 = 32,000 shares.
On the basis of the above information, calculate
Question :- How many shares were applied by Y?
Option 1: 16,000 shares
Option 2: 26,000 shares
Option 3: 8,000 shares
On the basis of the above information, calculate:
Question :- What is the pro rata ratio?
Option 1: 13:12
Option 2: 8:13
Option 3: 8:9
Option 4: 12:13
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