1. What do you think Thomas Edison meant by the word perspiration? How do those words apply to what you've learned in this lesson?
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2. Tomika owns
of a law partnership. What percent of the part-
nership does she own?
3. Ryan owns three-eighths of a florist shop worth $76,000. What is the
value of Ryan's share of the business?
4. A corporation issues 1,200,000 shares of stock at its beginning to
shareholders. How many shares must a shareholder own to have a
majority of the shares?
5. 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?
6. Julie and Kristen are the partners in a local sporting goods shop. They
needed $51,000 to start the business. They invested in the ratio 5:12,
respectively.
a. How much money did each invest?
b. What percent of the business was owned by Kristin? Round to the
nearest tenth of a percent.
c. If the business grows to $3,000,000, what percent of it will Julie
own? Round to the nearest tenth of a percent.