SOLUTION: I need to reapportion the percentage ownership of a property. Owners holding 32% ownership are dropping out. How do I find the new % ownership for those remaining?
Algebra ->
Sequences-and-series
-> SOLUTION: I need to reapportion the percentage ownership of a property. Owners holding 32% ownership are dropping out. How do I find the new % ownership for those remaining?
Log On
Question 593999: I need to reapportion the percentage ownership of a property. Owners holding 32% ownership are dropping out. How do I find the new % ownership for those remaining? Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! I need to reapportion the percentage ownership of a property.
Owners holding 32% ownership are dropping out.
How do I find the new % ownership for those remaining?
:
Make assumption for calculating:
100 shares; 100 owners originally then 32 leave so have 68 who own the original 100 shares: 100/68 = 1.4706, we can say each of the remaining owner own 1.4706% of the property.
:
Check this: 1.4706% * 68 = 100%
