Question

Ben invested $60,000 in a partnership with Lisa, Larry, Lonnie, and Lane. The total investment of all partners
was $320,000. What percent of the business
does Ben own?

Answer 1

Answer:

you have to divide 60,000 by 320,000 the fanl answer is 3412,0000

Answer 2

Answer: 18.75%

Step-by-step explanation:

Hi there! We are asked to solve for the percent of business that Ben owns. In order to do so, we need to use Ben's investment and compare it proportioanlly to the total investment in the business which we are given.

Given Information:

Ben's investment ⇒ $60,000

Total investments ⇒ $320,000

Solving:

$Ben's~ percent = \left( \frac{Ben's ~investment}{Total~ investment} \right) \times 100 = \left( \frac{\ 60,000}{\ 320,000} \right) \times 100 = \left( \frac{3}{16} \right) \times 100 = \quad \boxed{18.75\%}\end{align*}$

That's it!