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14 April, 08:16

Nick owns 500 of the 100,000 shares available.

A) what percentage of the company does Nick own?

B) the company earns $2,500,000, how much of these earnings is Nick entitled to?

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  1. 14 April, 10:41
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    To get the percentage of how much Nick owns, we have to divide the part (500) by the whole (100,000) then multiply the product by 100.

    500 / 100,000 = 0.005

    0.005 * 100 =.5%

    Nick is entitled to $2,500,000 *.5% = $12,500
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