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22 August, 18:43

Derk owns 250 shares of stock in Rose Corporation. The remaining 750 shares of Rose are owned as follows: 150 by Derk's daughter, 200 by Derk's aunt, and 400 by a partnership in which Derk has an 80% interest. Determine the number of shares Derk owns (directly and indirectly) in Rose Corporation.

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  1. 22 August, 19:58
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    The answer is 720 shares

    Explanation:

    Derk directly own 250 shares

    His Indirect ownership is from the partnership and from his daughter's own.

    His daughter owns 150 shares

    And from the partnership, he owns:

    80% of 400 shares

    0.8 x 400 = 320 shares

    Therefore, the total number of shares Derk owns (directly and indirectly) in Rose Corporation is

    250 + 150 + 320

    =720 shares
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