Penny's Pickles divide their company into 10,000 shares of stock. If you buy 200 of these shares then you will have [tex]2\[/tex] percent of Penny's Pickles.
Percentage a is a number or ratio expressed as a fraction of 100. It is often denoted using the percent sign, [tex]\%[/tex].
Percentage [tex]=\frac{ You\ owned}{Total \ share} * 100[/tex]
We have,
Total shares of Penny's Pickles [tex]=10,000[/tex]
You owned shares [tex]= 200[/tex]
So,
Using above formula,
Percentage [tex]=\frac{ You\ owned}{Total \ share} * 100[/tex]
Percentage of shares I owned [tex]=\frac{200}{10000} * 100[/tex]
[tex]= 2 \%[/tex]
So, the shares you owned are [tex]2\ \%[/tex] of total share of the Penny's Pickles.
Hence, we can say that Penny's Pickles divide their company into 10,000 shares of stock. If you buy 200 of these shares then you will have [tex]2\[/tex] percent of Penny's Pickles.
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