Study the below data and answer the question that follows.
| Partners | Percentage of shares |
| Jeevan | 10% |
| Kiran | 15% |
| Lokesh | 8% |
| Rasool | 22% |
| Meera | 45% |
The company has issued 10 lakh shares between its five partners. If Jeevan offers to sell 20,000 of his shares to Meera, how many shares will Meera have?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 4,70,000.
Total amount of shares = 1000000
The initial amount of shares that Meera has = (45/100) × 1000000 = 450000
Jeevan sold 20,000 of his shares to Meera.
New amount of shares that Meera has = 450000 + 20000 = 470000
Therefore, Meera has 4,70,000 shares of the company.