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?
Correct Answer :
4,70,000
Solution :
To find the total number of shares Meera will have after the transaction, we first calculate her initial shares and then add the shares she buys from Jeevan.
Step 1: Calculate the total number of shares issued by the company.
The company has issued a total of 10 lakh shares.
Since 1 lakh = 1,00,000, the total shares are:
Total shares = 10 × 1,00,000 = 10,00,000 shares.
Step 2: Find Meera's initial shareholding.
According to the table, Meera holds 45% of the shares.
Initial shares of Meera = 45% of 10,00,000
Step 3: Calculate Meera's final share count after buying shares from Jeevan.
Jeevan sells 20,000 of his shares to Meera.
Meera's new share count = Initial shares + Purchased shares
Therefore, Meera will have 4,70,000 shares. The correct option is 4,70,000.
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