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45 votes
45 votes
Ron has a co-op in the Astor Cooperative development. There are 40,000 shares in the cooperative ownership. If Ron owns 500 shares, what percentage of the cooperative corporation does he own?

User Vitalii Elenhaupt
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1 Answer

28 votes
28 votes

Answer:

Ron owns 1.25% of shares.

Explanation:

400/50000 comes out to 0.0125 which can be converted into a decimal by moving the decimal two places to the right.

User Jackncoke
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