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

Algebra ->  Finance -> 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      Log On


   

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) About Me  (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%