Daisy Limited forfeited 200 shares of Rs. 10 each which had applied for 500 shares, issued at a premium of 10% for non-payment of the final call of Rs. 3 per share. Out of these, 100 shares were issued as fully paid up for Rs. 15. The profit on the reissue is:

1
Rs. 700
2
Rs. 6,400
3
Rs. 300
4
Rs. 400

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