Question

Katrina owns 35% of the stock in a restaurant business. There are 3,000 shares in the entire corporation/business. How many shares does Katrina own?

a) 1,050 shares
b) 1,200 shares
c) 1,500 shares
d) 2,000 shares

Answer 1

Katrina owns 1,050 shares of the restaurant business, as she has a 35% stake in a company with 3,000 total shares.

Step-by-step explanation:

The question asks us to calculate the number of shares owned by Katrina, who has a 35% stake in a restaurant business with a total of 3,000 shares. To determine the number of shares Katrina owns, we multiply the total number of shares by the percentage she owns:

Katrina's shares = Total shares × Ownership percentage

Katrina's shares = 3,000 × 0.35

Katrina's shares = 1,050

Therefore, the correct answer is (a) 1,050 shares.