The company has issued 10 lakh shares between its five partners as shown. If Jeevan offers to sell 20,000 of his shares to Meera,…

Question

The company has issued 10 lakh shares between its five partners as shown. If Jeevan offers to sell 20,000 of his shares to Meera, how many shares will Meera have?

1. A. 4,60,000
2. B. 4,80,000
3. C. 4,70,000 (Correct answer)
4. D. 5,10,000

Correct Answer

Option C — 4,70,000

Detailed Solution & Explanation

The correct answer is 4,70,000.

Key Points

• Meera's shares $=45\%$ of $10{,}00{,}000=4{,}50{,}000$.
• After buying 20,000 from Jeevan: $4{,}50{,}000+20{,}000=4{,}70{,}000$.

Additional Information

• Two steps, in order: convert the percentage to a share of the total, then apply the transfer.
• A transfer between partners leaves the total unchanged — Jeevan's holding falls by exactly the 20,000 Meera gains, which is a quick way to check the answer.
• Percentages of 10,00,000 are easy to take mentally: 1% is 10,000, so 45% is 4,50,000.