# SOLUTION: julie and kristen are the partners in a local sporting good shop . they needed \$51,000 to start the buisness. they invested in the ratio 5:12 respectively. what percent of the busi

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 Click here to see ALL problems on Finance Question 636619: julie and kristen are the partners in a local sporting good shop . they needed \$51,000 to start the buisness. they invested in the ratio 5:12 respectively. what percent of the business was owned by Kristen ? if the business grows to \$3,000,000 what percent of it will julie own ?Answer by stanbon(57377)   (Show Source): You can put this solution on YOUR website! julie and kristen are the partners in a local sporting good shop . they needed \$51,000 to start the buisness. they invested in the ratio 5:12 respectively. what percent of the business was owned by Kristen ? if the business grows to \$3,000,000 what percent of it will julie own ? ---- 5:12 is the same as 5x:12x where Kristen's share is 12x --- Julie's percentage = 5x/17x = 5/17 = 29.4% --- Kristen's percentage = 12x/17x = 12/17 = 70.6% ========================== Cheers, Stan H. ==========================