Question Details

Study the below data and answer the question that follows.

PartnersPercentage of shares
Jeevan10%
Kiran15%
Lokesh8%
Rasool22%
Meera45%

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?

Options

A

4,60,000

B

4,80,000

C

4,70,000

D

5,10,000

Show Answer

Correct Answer :

Option C

4,70,000

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
Initial shares of Meera=45100×10,00,000=4,50,000

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
New shares=4,50,000+20,000=4,70,000

Therefore, Meera will have 4,70,000 shares. The correct option is 4,70,000.

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