Question

A company is divided into 300,000 shares. An investor purchases 6,000 shares. What percent of the company does the investor own?

Answer 1

2

Explanation:

use the proportion of part/whole to percent/100

So (the part) 6000 over (the whole) 300,000

Is equal to % over 100

Cross multiply 6000x100=600,000

Divide by 300,000

600,000/300,000= 2

Answer 2

2%

Explanation:

To find the percent, first write the amount that the investor purchases out of the total shares: 6,000/300,000. Calculating this gives you 0.02. To convert any decimal that comes out of a proportion (the 6,000/300,000), multiply by 100. The investor owns 2% of the company.