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 / ritesh agrawal
let assume total no of shares = x
A owns : 0.4x
B owns : 15000
C owns : 1.25(o.4x)
so,
x=o.4x+15000+1.25(0.4x)
if we solve then
X=150000
A owns : 0.4*150000= 60000
| Is This Answer Correct ? | 32 Yes | 3 No |
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