Question

Daniel acquires a 30 percent interest in PPZ partnership from Paolo. What percentage of the partnership does Daniel now own?

1) 10%
2) 20%
3) 30%
4) 40%

Answer 1

Daniel acquires a 30% interest in PPZ partnership, which means he now owns 30% of the partnership.

Step-by-step explanation:

If Daniel acquires a 30 percent interest in PPZ partnership from Paolo, Daniel now owns 30 percent of the partnership. The percentage Daniel acquires is clearly stated, so there is no need for further calculations. Hence, the correct answer to what percentage of the partnership Daniel owns is 30%, which corresponds to option 3).