Question

If you raised $400,000 in a stock sale and gave up 12% of your company, what was the implied valuation of the company? ​

Answer 1

Answer:  $3,333,333.33

This value is slightly over 3.33 million dollars

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Work Shown:

400,000 dollars represents 12% of the company's total value

Let x be that total value

12% of x = 400,000

0.12*x = 400,000

x = (400,000)/(0.12)

x = 3,333,333.33

Don't forget to round to the nearest cent.

Answer 2

Answer:

D: $3,333,333

Step-by-step explanation:

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