A man who owned 25% of the equity capital of a certain company sold 1/3 of his holding last year and 5/12 of the remaining this year.What part of business does he own now?
Answers
Given : A man who owned 25% of the equity capital of a certain company sold 1/3 of his holding last year and 5/12 of the remaining this year.
To Find : What part of business does he own now?
Solution:
Assume that Total Business equity capital = B
A man owned 25% of the equity capital = (25/100)B = B/4
sold 1/3 of his holding = (1/3)B/4 = B/12
Remaining Holding = B/4 - B/12
= (3B - B)/12
= 2B/12
= B/6
Sold 5/12 of the remaining = (5/12)(B/6) = 5B/72
Remaining = B/6 - 5B/72
= ( 12B - 5B)/72
= 7B/72
= (7/72) B
7/72 part of business he own now
learn More
The denominator of a fraction is 4 more than the numerator. If both ...
https://brainly.in/question/28959282
Which of these are improper fractional numbers?Write where each ...
https://brainly.in/question/4865278