Multiple choice

X Ltd. purchased an automatic bottling machine from a vendor for Rs. 1,65,000. The company allotted him equity shares at a premium of 10% instead of paying him in cash. The vendor will be allotted__________ equity shares of Rs. 10 each.

  1. 15,000

  2. 16,500

  3. 13,500

  4. 16,000

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Premium = 10% = Rupee - 1 Share Price = 11 Rs.  Number of shares issued = 165,000 / 11 = 15,000