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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…

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…
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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?

User Squall Huang
by
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1 Answer

5 votes

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

User Marurban
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