A small company has 10,000 shares. Joan owns 200 of these shares. The company decides to split its shares. What is Joan's ownership percentage after the split?

Question

asked Feb 28, 2020 194k views

2 Answers

Diarcastro · Answer 1 · 2020-03-03T02:03:07+0000

Answer:

2% is Joan's ownership percentage after the split

Explanation:

As per the statement:

A small company has 10,000 shares. Joan owns 200 of these shares.

The company decides to split its shares.

⇒Total company shares = 10,000

and Joan's share = 200

We have to find Joan's ownership percentage after the split.

$\text{Joan's ownership percentage} = \frac{\text{Joan owns share}}{\text{Total company shares}} * 100$

then;

$\text{Joan's ownership percentage} = (200)/(10000) * 100 =  2 \%$

Therefore, 2% is Joan's ownership percentage after the split