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a man who owned 25% of the equity capital of a certain
company sold 1/2 of his holding last year and 5/12 of its
remaining this year. what part of the business does he own now
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Answer Posted / nandkishor
The right answer is 1/12
How it is come
assuming that his total share is 1 = 25%
He sold 1/2 of his holding in the first year
i.e. 1-1/2 = 1/2
5/12 i the of remianing share in the subsequent year
i.e. 1/2-5/12
=1/12
The answer is 1/12 part of his business
| Is This Answer Correct ? | 2 Yes | 5 No |
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