Applications were received for 40,000 shares, but pro-rata allotment was made only on applications for 35,000 shares. This means 30,000 shares were allotted among 35,000 applications.
Pro-rata ratio = Shares Allotted : Shares Applied for pro-rata
= 30,000 : 35,000
= 6 : 7
This means for every 7 shares applied, 6 shares were allotted.
Rohan was allotted 600 shares.
Using the pro-rata ratio:
Shares AllottedShares Applied=67
600Shares Applied=67
Shares Applied = 6600×7 = 700 shares
Therefore, Rohan must have applied for 700 shares.