If the company has issued 8 lakh shares between its 6 partners and if Varma offers to sell 10000 of his shares to Pandey, then how many shares will Pandey have?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 50000.
Total shares = 800000
Initial shares of Pandey = 5% of 800000 = 40000
Varma's initial share = 30% of 800000 = 240000
Varma offers 10000 of his shares to Pandey
Now, Pandey's shares = 40000 + 10000 = 50000
So,
Pandey will have 50000 shares