CHECK YOUR UNDERSTANDINGKyle invests $20,000 in a partnership that has five other partners.The total investment of the partners is $160,000. What percent of thebusiness is owned by the five other partners?
Accepted Solution
A:
If Kyle has invested $20,000 of the total $160,000 invested, that means the other give investors invested $140,000. Divide the about they invested by the total amount invested, and you will get .875. That is equal to 87.5%. The five investors own 87.5% of the business.