Question

A small company has 5000 shares. Scott owns 250 of these shares. The company decides to split its shares. What is Scott's ownership percentage after the split?

Answer 1

The answer is 5%.

Explanation:

The answer is 5% because you make a proportion 5000/250 = 100/x

Solve by cross multiplying 5000 *X = 5000x and 25000 then divide 25000 by 5000 which equals 5. So x = 5. X is the percentage.

Answer 2

i took the test, it's 5%

hope this helps!