Question

Avril invested 60,000 in a partnership with Lane, Jules, Ray, Ravi, and Petra. The total investment of all partners was $320,000. What percent of the business does avril own?

Answer 1

`Percentage\ of\ Avril=18.75\%`

Explanation:

Concept Used: Percentage:
`x\ amount\ of\ y.\ Percentage=(x)/(y)* 100`

`Total\ investment=\$320000\\\\Avril's\ Investment=\$60000\\\\Percentage\ of\ Avril=(Avril's\ investment)/(Total\ investment)* 100\\\\Percentage\ of\ Avril=(60000)/(320000)* 100\\\\Percentage\ of\ Avril=(60000)/(3200)\\\\Percentage\ of\ Avril=18.75\%`