Question

Jocelyn invests $8,600 in a partnership that has 4 other partners. The total investment of all the partners is $54,200. What percent of the business does Jocelyn own, rounded to the nearest tenth of a percent?

Answer 1

15.9%

Explanation:

Jocelyn invests $8,600 in a partnership that has 4 other partners. The total investment of all the partners is $54,200. Therefore, Jocelyn owns 15.9% rounded to the nearest tenth of a percent.

Below is my work:

8600 ÷ 54200 = 0.15867

Now we have to find the percentage from the decimal.

0.15867 ⋅ 100 = 15.867%

Finally, 15.867% rounded to the nearest tenth = 15.9%.

Answer 2

Divide the amount she invested by the total investment:

8600 / 54200 = 0.15867

Multiply the decimal by 100 to get the percentage:

0.15867 x 100 = 15.867%

Round to the nearest tenth = 15.9%