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joe, thea, and taylor invested in a partnership in the ratio 1:4:7. years later, when the partnership was worth $1.6 million, thea decides to sell her part of the partnership to joe

Ahow much would joe need to pay thea to buy her share of the shares?
Bwhat percent of the business will joe own after buys theas portion?

Verified Answer :

texaschic101

1:4:7...total = 12

1/12 = Joe
4/12 = thea
7/12 = taylor

1/12 1,600,000 = 133,333.33 -- Joe's share
4/12 1,600,000 = 533,333.33 -- thea's share
7/12 * 1,600,000 = 933,333.33 -- taylors share
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total = 1,599,999.99 rounds to 1,600,000.00 or 1.6 mil

to buy thea's share, Joe would need $ 533,333.33.
after buying thea's portion, Joe will own (1/12 + 4/12) = 5/12 = 0.416 =
41.6%

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