Question

The metropolitan corporation has issued a total of 2,400,000 shares. The north side investment group owns 7.5% of those shares. How many shares does north side own?

Answer 1

Convert the percentage 7.5% into the decimal fraction 0.075. Then multiply 2,400,000 shares by 0.075:

0.075(2,400,000 shares) = 180,000 shares.

Answer 2

You need to find 7.5% of 2,400,000.

To find a percent of a number, multiply the percent by the number. Change the percent into a decimal by dividing the percent by 100 which means, move the decimal point two places to the left.

7.5% * 2,400,000 =

= 7.5/100 * 2,400,000

= 0.075 * 2,400,000

= 180,000

Answer: 180,000