Class 12 Exam > Class 12 Questions > Y Ltd made pro rata allotment of shares of ru...
Start Learning for Free
Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares?
Most Upvoted Answer
Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio...
Y Ltd Pro Rata Allotment of Shares
To answer the question, let's break it down into several key points and calculations:
1. Ratio of Pro Rata Allotment:
- The ratio of pro rata allotment is given as 3:2.
- This means that for every 3 shares allotted to one shareholder, 2 shares are allotted to another shareholder.
2. Initial Allotment:
- Let's assume that Gopi applied for 'x' number of shares.
- According to the given ratio, Gopi would be allotted (3/5) * x shares.
- Therefore, Gopi was initially allotted (3/5) * x shares.
3. Failure to Pay Calls:
- Gopi failed to pay both the calls on his allotted shares.
- As a result, his shares were forfeited.
4. Reissue of Forfeited Shares:
- 2/3rd of the forfeited shares were reissued by the company.
- Let's calculate the number of shares reissued:
- (2/3) * (3/5) * x shares were reissued.
- This gives us (2/5) * x shares reissued.
5. Reissue Price and Maximum Permissible Discount:
- The reissued shares were sold for Rs 2200.
- The maximum permissible discount given was Rs 1200.
- Therefore, the actual price of the reissued shares is (2200 + 1200) = Rs 3400.
- This price is considered as fully paid up.
6. Calculating the Value of each Share:
- The value of each share can be calculated by dividing the total price by the number of shares reissued.
- Value per share = 3400 / [(2/5) * x] = 8500 / x
7. Calculating the Number of Applied Shares:
- To find the number of shares Gopi applied for, we need to calculate the value of 'x' using the value per share.
- Since Gopi purchased the reissued shares, his total payment would be Rs 2200.
- Therefore, the number of shares Gopi applied for can be calculated as:
- 2200 = 8500 / x
- x = 8500 / 2200
- x ≈ 3.86
8. Conclusion:
- Gopi must have initially applied for approximately 3.86 shares.
- However, since shares cannot be fractionally applied, Gopi would have applied for 4 shares.
Thus, Gopi must have applied for 4 shares.
To answer the question, let's break it down into several key points and calculations:
1. Ratio of Pro Rata Allotment:
- The ratio of pro rata allotment is given as 3:2.
- This means that for every 3 shares allotted to one shareholder, 2 shares are allotted to another shareholder.
2. Initial Allotment:
- Let's assume that Gopi applied for 'x' number of shares.
- According to the given ratio, Gopi would be allotted (3/5) * x shares.
- Therefore, Gopi was initially allotted (3/5) * x shares.
3. Failure to Pay Calls:
- Gopi failed to pay both the calls on his allotted shares.
- As a result, his shares were forfeited.
4. Reissue of Forfeited Shares:
- 2/3rd of the forfeited shares were reissued by the company.
- Let's calculate the number of shares reissued:
- (2/3) * (3/5) * x shares were reissued.
- This gives us (2/5) * x shares reissued.
5. Reissue Price and Maximum Permissible Discount:
- The reissued shares were sold for Rs 2200.
- The maximum permissible discount given was Rs 1200.
- Therefore, the actual price of the reissued shares is (2200 + 1200) = Rs 3400.
- This price is considered as fully paid up.
6. Calculating the Value of each Share:
- The value of each share can be calculated by dividing the total price by the number of shares reissued.
- Value per share = 3400 / [(2/5) * x] = 8500 / x
7. Calculating the Number of Applied Shares:
- To find the number of shares Gopi applied for, we need to calculate the value of 'x' using the value per share.
- Since Gopi purchased the reissued shares, his total payment would be Rs 2200.
- Therefore, the number of shares Gopi applied for can be calculated as:
- 2200 = 8500 / x
- x = 8500 / 2200
- x ≈ 3.86
8. Conclusion:
- Gopi must have initially applied for approximately 3.86 shares.
- However, since shares cannot be fractionally applied, Gopi would have applied for 4 shares.
Thus, Gopi must have applied for 4 shares.
Community Answer
Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio...
765 shares
|
Explore Courses for Class 12 exam
|
|
Similar Class 12 Doubts
Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares?
Question Description
Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares?.
Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares?.
Solutions for Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? in English & in Hindi are available as part of our courses for Class 12.
Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? defined & explained in the simplest way possible. Besides giving the explanation of
Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares?, a detailed solution for Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? has been provided alongside types of Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? theory, EduRev gives you an
ample number of questions to practice Y Ltd made pro rata allotment of shares of rupees 10 each in the ratio 3:2. Gopi failed to pay both the calls .2/3rd of his forfeited shares were reissued for rupees 2200 with maximise permissible discount of rupees 1200 as fully paid up. Gopi must have applied for ____ shares? tests, examples and also practice Class 12 tests.
|
|
Explore Courses for Class 12 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup