Question

Ron has a co-op in the Astor Cooperative development. There are 40,000 shares in the cooperative ownership. If Ron owns 500 shares, what percentage of the cooperative corporation does he own?

Answer 1

Ron owns 1.25% of shares.

Explanation:

400/50000 comes out to 0.0125 which can be converted into a decimal by moving the decimal two places to the right.