| (i) | Applicants of 40,000 shares | 30,000 shares |
| (ii) | Applicants of 50,000 shares | 30,000 shares |
| (iii) | Applicants of 2,000 shares | Nil |
Mohan, who had applied for 800 shares in Category
(i) and Sohan, who was allotted 600 shares in Category
(ii) failed to pay the allotment money. Calculate amount received on allotment.
Solution
