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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?
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May 8, 2019
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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?
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Squall Huang
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Answer:
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
Marurban
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May 12, 2019
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