Question

Answers12.12. Two partners, Joseph Alcara and Merriam Trask, own a restaurant. They sella one-third interest to Shelley Cantrell. If the part of the restaurant thatJoseph and Merriam still own is worth a total of $15,000, how much was theoriginal value?a. $22,500 b. $30,000c. $45,000 d. $7,50013.

Answer 1

It is given that one third of restaurant is given away and the value that remains is $15000.

If one third is gone that means two thirds of the restaurant is valued at $15000.

Let the value of the restaurant be x.

$\begin{gathered} \frac{2}{3}x=15000 \\ x=15000\times\frac{3}{2} \\ x=22500 \end{gathered}$

So the original value of the restaurant was $22,500.

Option A is correct.