Question

Martin and his two brothers have decided to sell their company. Martin owns 25 of the company, his brother Joe owns 15 of the company, and his brother Jason owns the last 25 of the company. They sold the company for $1.7 million. How much money did Martin make from his portion of the sale? A $340,000 B $425,000 C $680,000 D $850,000

Answer 1

B $425,000

Explanation:

Assuming Martin owns 25%, take the sale price and multiply by 25%

1.7 million * 25%

Changing percent to a decimal

1.7 million *.25

.425 million

million = 1000000

.425 * 1000000

425000