Question

Jerry owns 60% of the stock in a private company. There are 1600 shares in the entire company. How many shares does he own?

Answer 1

To find how many shares Jerry owns we can use the rule of three:

`\begin{gathered} 1600\rightarrow100 \\ x\rightarrow60 \end{gathered}`

then:

`x=(60\cdot1600)/(100)=960`

Therefore he owns 960 shares.