Refer the below data table and answer the following Question.
Partners Present % share
Anand 20
Basu 20
Chinmay 10
Dhiraj 30
Ejaz 20
If the company has issued six lakh (6,000,000) shares between its five partners and if Basu offers to sell 15,000 of his shares to Dhiraj, then Dhiraj will have how many shares?
- A210000 shares
- B180000 shares
- C195000 shares
- D165000 shares
Solution & Step-by-step Explanation
Total shares issued = 6,00,000
Dhiraj's present share percentage = 30%
Initial number of shares held by Dhiraj:
Dhiraj’s initial shares=30% of 6,00,000
Dhiraj’s initial shares=
100
30
×6,00,000=1,80,000
Basu sells 15,000 shares to Dhiraj. Therefore, the new total number of shares Dhiraj will possess is:
New total shares=1,80,000+15,000=1,95,000
Dhiraj's present share percentage = 30%
Initial number of shares held by Dhiraj:
Dhiraj’s initial shares=30% of 6,00,000
Dhiraj’s initial shares=
100
30
×6,00,000=1,80,000
Basu sells 15,000 shares to Dhiraj. Therefore, the new total number of shares Dhiraj will possess is:
New total shares=1,80,000+15,000=1,95,000