15 questions
1. Avril invested $60,000 in a partnership with Lane, Jules, Ray, Ravi, and Petra. The total investment of all partners was $320,000. What percent of the business does Avril own?
18.75%
15%
20.5%
17.75%
2. The Metropolitan Corporation has issued a total of 2,400,000 shares. The North Side Investment Group owns 7.5% of those shares. How many shares does North Side own?
200,000 shares
180,000 shares
190,000 shares
210,000 shares
3. Enid, Eve, and Tammy have formed a partnership. The total investment was $400,000. Enid owns 35.4% and Eve owns 28.8% of the partnership. How much did Tammy invest?
$156,200
$145,300
$143,200
$142,300
4. Three partners are investing a total of $1,200,000 in a new restaurant. Their investments are in the ratio of 6:8:11. How much did each invest? (select the three amounts)
$288,000
$384,000
$528,000
$295,000
$335,000
5. Alli, Beth, Catie, Dave, Eddie, Franny, and George invested $4,914,000 in a business venture in a ratio of 1:2:3:4:5:6:7 respectively. How much did Alli and George each invest? (select the two amounts)
$1,229,550
$1,228,500
$285,000
$175,500
6a. Dennis owns 24% of a partnership. Bob owns 48% of the partnership. If Rich is the third partner, what percent of the partnership does he own?
28%
30%
26%
32%
6b. Dennis owns 24% of a partnership. Bob owns 48% of the partnership. If Rich is the third partner, what percent of the partnership does he own? Write a simplified ratio to represent their investments in the partnership.
6:7:12
5:6:7
6:12:7
1:2:3
7. Angel owns of a partnership in a bakery.
a. What percent of the bakery does Angel own?
62.5%
56%
75.3%
64.7%
7. Angel owns of a partnership in a bakery.
b. Angel’s partner, Lisa, owns the remaining portion of the bakery. Write a simplified ratio to represent Angel’s ownership to Lisa’s ownership in the bakery.
9:7
7:9
3:5
5:3
8. Austen owns seven-sixteenths of a jewelry store. The total investment for the store was $832,000. What is the value of Austen’s share of the business?
$367,000
$364,000
$423,000
$412,000
9. Penny owns five-ninths of a movie theater. Penny’s investment is worth $450,000. What is the total investment that was made for the movie theater?
$790,000
$245,000
$590,000
$810,000
10. The Barnaby Corporation issued 2,700,000 shares of stock at its beginning to shareholders. How many shares must a shareowner own to have a majority of the shares?
1,350,001 shares
1,350,000 shares
2,700,000 shares
1,000,000 shares
11. 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?
15%
20%
17%
21%
12. Clinton and Barbara are the partners in a local music shop. They needed $448,500 to start the business. They invested in the ratio 11:12. How much money did each invest?
$214,500, $234,000
$214,000, $230,000
$240,000, $234,000
$230,000, $215,000
13. Andrea, Dina, and Lindsay invested in a partnership in the ratio 7:9:14, respectively. Ten years later, their partnership was worth $1,800,000. Dina decided to move to Europe and sold her part of the partnership to Andrea. How much did Andrea pay Dina for her share of the partnership? Round to the nearest dollar.
$550,000
$600,000
$540,000
$620,000