**Question:**Ron has a co-op in Astor Cooperative. The total shares in the cooperative are 40,000 shares. If Ron owns 500 shares, what percentage of the cooperative corporation does he own?**Solution:**To determine the percentage of the cooperative corporation that Ron owns, you need to divide the number of shares Ron owns by the total number of shares in the cooperative and then multiply by 100 to get the percentage.Step-by-step calculation:1. **Number of shares Ron owns:** 5002. **Total number of shares in the cooperative:** 40,0003. **Percentage calculation:** \[ \text{Percentage} = \left( \frac{\text{Number of shares Ron owns}}{\text{Total shares}} \right) \times 100 \] \[ \text{Percentage} = \left( \frac{500}{40,000} \right) \times 100 \] \[ \text{Percentage} = \left( 0.0125 \right) \times 100 \] \[ \text{Percentage} = 1.25\% \]**Answer:**Ron owns 1.25% of the cooperative corporation.

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Description: **Question:**Ron has a co-op in Astor Cooperative. The total shares in the cooperative are 40,000 shares. If Ron owns 500 shares, what percentage of the cooperative corporation does he own?**Solution:**To determine the percentage of the cooperative

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Ron has a co-op in Astor Cooperative. The total shares in the cooperative are 40,000 shares. If Ron owns 500 shares, what percentage of the cooperative corporation does he own?

Algebra and Trigonometry (6th Edition)

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ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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