Question

Ryan owns five-eighths of a florist shop worth $96,000. What is the value of Ryan's share of the business?

Answer 1

Answer:

it would be 60,000

Step-by-step explanation:

Answer 2

For this case we have that if Ryan owns $\frac {5} {8}$ of a florist that is worth $ 96,000, then:

$\frac {5} {8} * 96,000 = 60,000$

Then Ryan owns a value of $ 60,000.

If we want to know the percentage, we make a rule of three:

$ 90,000 ------------> 100%

$ 60,000 ------------> x

$x = \frac {60,000 * 100} {90,000}\\x = 66.67%$

Then Ryan owns almost 67% of the florist shop.

Answer:

$ 60,000

66.67%