Anzio, Inc., has two classes of shares. Class B has 10 times the voting rights as Class A. If you own 10 % of the Class A shares and 20 % of the Class B shares, what percentage of the total voting rights do you hold?

Step-by-step explanation:

Let x represent voting rights of class A.

We have been given that class B has 10 times the voting rights as Class A. So voting rights of class B would be .

We have been given that you own 10% of the Class A shares, that will be equal to 10% of x as:

We are also told that you own 20% of the Class B shares, that will be equal to 20% of as:

Sum of percentage of both class voting rights would be .

Total voting rights of both classes would be .

Now we need to find is what percent of .

Therefore, you hold approximately of the total voting rights.

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step-by-step explanation: