SOLUTION: Elisa owns 28% of the Grudman Corporation. The rest of the shares are owned equally by the remaining six shareholders. What percent of the corporation does each of the other shareh

SOLUTION: Elisa owns 28% of the Grudman Corporation. The rest of the shares are owned equally by the remaining six shareholders. What percent of the corporation does each of the other shareh

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Question 1090460: Elisa owns 28% of the Grudman Corporation. The rest of the shares are owned equally by the remaining six shareholders. What percent of the corporation does each of the other shareholders own?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
0.28 + 6x = 1
6x = 0.72
x = 0.12 = 12% each of the six own 12% and Elisa owns 28%
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