Question

Avril invested 60,000 in a partnership with Lane, Jules, Ray, Ravi, and Petra. The total investment of all partners was $320,000. What percent of the business does avril own?

Answer 1

Answer:

$Percentage\ of\ Avril=18.75\%$

Step-by-step explanation:

Concept Used: Percentage: $x\ amount\ of\ y.\ Percentage=\frac{x}{y}\times 100$

$Total\ investment=\ 320000\\\\Avril's\ Investment=\ 60000\\\\Percentage\ of\ Avril=\frac{Avril's\ investment}{Total\ investment}\times 100\\\\Percentage\ of\ Avril=\frac{60000}{320000}\times 100\\\\Percentage\ of\ Avril=\frac{60000}{3200}\\\\Percentage\ of\ Avril=18.75\%$