Question

Using the Exxon data as an example, pretend Penny’s Pickles (a fake pickle company) divides their company into 10,000 shares of stock. If you buy 200 of those shares, what percent of Penny’s Pickles do you own?

Answer 1

The total number of shares = 10,000

The bought shares = 200 

So, The percent of bought shares =

$\frac{bought \ shares}{total \ number \ of \ shares} *100$


= $\frac{200}{10,000} *100$ = 2%

Answer 2

Answer:  2 percent.

Step-by-step explanation:

Here, The Penny’s Pickles (a fake pickle company) divides their company into 10,000 shares of stock.

Therefore total shares = 10000

If we buy 200 of those shares.

Then shares which we have  = 200

Thus the percentage of Penny’s Pickles which we have = (Shares which we have/ total shares)×100 =$\frac{200}{10000}\times 100$ = 2%

Therefore, we have 2% shares of total penny pickles.