Company A owns 40% of the stocks in the XYZ corporation.
company B ownz 15000 shares. company C owns all the shares
not owned by the companies A or B. How many shares of stock
does Company A own if company C has 25% more shares than
Company A?
a) 450000 b) 50000 c) 750000 d) 60000
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Answer Posted / chanra oscar
A owns 40%
C owns 25% more than A which is 40*.25=10%
So C owns 50%.
A+B+C=100%
B=10%=15,000
A=40%= x?
So A=(15,000*40)/10
A=60,000
d) is correct.
| Is This Answer Correct ? | 8 Yes | 1 No |
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