Question : The following table shows the present share of 5 partners of a company. If the company has issued its 1,00,000 shares between its five partners and Raju sells 15,200 of his shares to Ramesh, how many shares will Ramesh have?
Partners | Present share in % |
Bala | 5 |
Shankar | 15 |
Raju | 45 |
Ramesh | 25 |
Pradeep | 10 |
Option 1: 29,800
Option 2: 45,000
Option 3: 25,000
Option 4: 40,200
Correct Answer: 40,200
Solution :
Initial shares of Ramesh = 25% of 100000 = 25,000
Number of shares Raju sold to Ramesh = 15,200
Final shares of Ramesh = 25000 + 15200 = 40,200
Hence, the correct answer is 40,200.
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