Question

Davis, Hernandez, and Moore are vested as tenants in common on a parcel of land. Each received a pro-rata undivided interest in the parcel. The total price was $120,000. Davis put up 40% and Hernandez put up $22,500. What percentage does Moore own (to the nearest tenth of a percent)

Answer 1

Answer:

Percentage amount own by Moore is 41.25 %

Explanation:

We have given total price = $120000

It is given that Devis put up 40 %

So the amount which Devis put up $=\frac{120000\times 40}{100}= 48000$

And Hernandez put up amount of $22500

So the amount put up by Devis and Hernandez  = $48000+$22500 = $70500

Now amount own by Moore = $120000-$70500 = $49500

Percentage amount own by Moore $=\frac{49500}{120000}\times 100=41.25$ %