Question

2. Lisa owns 40% of the stock in a private catering corporation.There are 1,200 shares in the entire corporation.How many shares does Lisa own?

Answer 1

To find the umber of shares Lisa owns we need to calculate how many shares 40 % represents from the total 1,200 shares.

`\begin{gathered} (40)/(100)\frac{\text{ \%}}{\text{ \%}}\text{ = }(x)/(1200)\text{ }(shares)/(shares) \\ 100\cdot x=40\cdot1200 \\ x\text{ = }(48000)/(100)=480\text{ shares} \end{gathered}`