Question

2. Lisa owns 40% of the stock in a private catering corporation.There are 1,200 shares in the entire corporation.How many shares does Lisa own?

Answer 1

To find the umber of shares Lisa owns we need to calculate how many shares 40 % represents from the total 1,200 shares.

$\begin{gathered} \frac{40}{100}\frac{\text{ \%}}{\text{ \%}}\text{ = }\frac{x}{1200}\text{ }\frac{shares}{shares} \\ 100\cdot x=40\cdot1200 \\ x\text{ = }\frac{48000}{100}=480\text{ shares} \end{gathered}$