Question Details

Refer the below data and answer the following question:
Partners Present % Share
Singh 10
Pandey 5
Anil 15
Sunil 25
Varma 30
Rajesh 15
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?

Options

A

40000

B

50000

C

20000

D

30000

Show Answer

Correct Answer :

Option B

50000

Solution :

The correct answer is 50000.

Step-by-step explanation:

1. Identify the given data from the problem and table:
Total number of shares issued by the company = 8 lakhs = 8,00,000 shares.
Pandey's present share percentage = 5%.

2. Calculate the number of shares currently held by Pandey:

Present shares of Pandey=5% of 800000

Present shares of Pandey=5100×800000

Present shares of Pandey=40000

3. Calculate the total shares held by Pandey after buying shares from Varma:
Varma offers to sell 10,000 of his shares to Pandey.
Adding these 10,000 shares to Pandey's existing shares gives:

Final number of shares=40000+10000=50000

Therefore, Pandey will have 50000 shares.

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