Q1295
Mr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were alloted to him. After paying Rs. 2 per share on application he did not pay the allotment money of Rs. 2 per share and first call money of Rs. 3 per share. What is the outstanding amount on the shares alloted to Mr. Smith?
A.
Rs. 800
B.
Rs. 1,280
C.
Rs. 320
D.
Rs. 720
AnswerAnswer: Option D
Solution
Answer: Option D
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