X and Y entered into a joint venture to underwrite the shares of K Ltd at a commission of 5%. K Ltd made an issue of 1,00,000 equity shares of Rs.10 each. 90% of the issue is subscribed by the public. The profit sharing between X and Y is 2 : 3. The balance unsubscribed shares are purchased by X and Y in profit sharing ratio. How many shares are purchased by Y?

X and Y entered into a joint venture to underwrite the shares of K Ltd

1.	X and Y entered into a joint venture to underwrite the shares of K Ltd at a commission of 5%. K Ltd made an issue of 1,00,000 equity shares of Rs.10 each. 90% of the issue is subscribed by the public. The profit sharing between X and Y is 2 : 3. The balance unsubscribed shares are purchased by X and Y in profit sharing ratio. How many shares are purchased by Y?
A.	4,000
B.	6,000
C.	10,000
D.	90,000
Answer» C. 10,000