Question

Austen owns seven-sixte

total investment for the store was
owns seven-sixteenths of a jewelry store. The total investment
00. What is the value of Austen's share of the business?

Answer 1

Austen's share of the business was $364000.

Explanation:

Austen owns
`(7)/(16)` of a jewelry store.

Now, it is given that the total investment for the store was $832000.

If we consider the share of Austen in the business is of $x, then we can write that

`x = ( 832000 * (7)/(16) )`

⇒ x = $364000

Therefore, Austen's share in the business is of $364000 value. (Answer)