Tapti’s share of profit will be:

Question

Alfa Ltd. offered for public subscription 50,000 equity shares of ₹ 10 each at ₹ 110 per share. The entire amount was payable on application. Applications were received for 48,000 shares and allotment was made to all the applicants. The amount received on application will be:

Answer 1

The profit share is determined by the profit-sharing ratio: \[ \text{Share of Profit} = \text{Total Profit} \times \text{Share Ratio}. \] To find Tapti's share, multiply the total profit by Tapti's given ratio.

Tapti’s share of profit will be:

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The Correct Option is B

Solution and Explanation

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