SOLUTION: Ella owns 15% of Fitz Incorporated. The rest of the shares are owned equally by the remaining 5 shareholders. What percent of the corporation does each of the other shareholders ow

Algebra ->  Finance -> SOLUTION: Ella owns 15% of Fitz Incorporated. The rest of the shares are owned equally by the remaining 5 shareholders. What percent of the corporation does each of the other shareholders ow      Log On


   

Question 1044634: Ella owns 15% of Fitz Incorporated. The rest of the shares are owned equally by the remaining 5 shareholders. What percent of the corporation does each of the other shareholders own?




Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
If Ella owns 15%, the rest of the shareholders own the remaining 85%.
85/5=17%
The rest of the shareholders own 17% apiece of Fitz.