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Aswin bought some shares of Rs.75 from a company. He paid Rs.50 as a paid-up value of each share, Rs.32,000 as a paid-up capital. Find the total authorized capital of Aswin. (in Rs.)A. 40000B. 48000C. 56000D. 60000 |
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Answer» Correct Answer - B (i) `"Number of shares"=("Paid-u capital")/("Paid-up value of each share").` (ii) `"Number of shares"=("Total paid-up value")/("Paid-up value per share")` (iii) `"Total capital"=("Number of shares")("Rs.75")`. |
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