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Commerce · Q2339

Accounting

Graduate and Post Graduate · Commerce · question 2339

Q2339

A company, A Ltd., issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares, and pro-rata allotments were made on the applications of 2,400 shares. If A was allotted 40 shares, for how many shares he must have applied?

A.
40
B.
44
C.
48
Answer
D.
52

Answer: Option C

Solution

Answer: Option C
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