SOLUTION: A person who possessed 60% of shares of a business, sold 40% of shares for Rs.6300. what is the total value of the business?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A person who possessed 60% of shares of a business, sold 40% of shares for Rs.6300. what is the total value of the business?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1044431: A person who possessed 60% of shares of a business, sold 40% of shares for Rs.6300. what is the total value of the business?

Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
Let the total value be x. And the problem says that 40% of x = 6300:
:
0.4x = 6300
x = 6300/0.4 Use your calculator.