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Jessica owns 1/8 of a company worth $56,000. What is the value of Jessica's share of the business?

Jessica owns 1/8 of a company worth $56,000. What is the value of Jessica's share of the business?
asked 123k views
4 votes
Jessica owns 1/8 of a company worth $56,000. What is the value of

Jessica's share of the business?

asked
User Dan Martin
by
8.1k points

1 Answer

7 votes
7000

1/8th in percentage form is 12.5%
12.5% of 56000 is 7000
answered
User GWR
by
8.0k points
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