Refer the below data table and answer the following Question.PartnersPresent % shareAnand15Basu15Chinmay15Dhiraj20Ejaz35If the company has issued shares between its five partners and if Basu offers to sell of his shares to Ejaz, then Ejaz will have how many shares?
- A240000 shares
- B210000 shares
- C225000 shares
- D195000 shares
Solution & Step-by-step Explanation
Total number of shares issued = (6 lakhs).Presently, Ejaz's share is .The number of shares Ejaz currently holds is:
Basu transfers shares to Ejaz.Therefore, the new total number of shares with Ejaz will be:
Basu transfers shares to Ejaz.Therefore, the new total number of shares with Ejaz will be: