Question

Ella owns 15% of Fitz Incorporated. The rest of the shares are owned equally by the remaining 5 shareholders. What percent of the corporation does each of the other shareholders own?

Answer 1

17%

Explanation:

• The total corporation shares is 100%
• If Ella owns 15% of Fitz,the remaining shares is 100-15=85%
• If there are 5 shareholders and they all own equal shares,the percentage for each shareholder will be;85/5=17% each