posted by Jocelyn on .
Adam, Bill, Chris, and Dave each own one quarter of a company. Bill sells
2/3 of his shares to Dave. Adam sells 3/5 of his shares to Chris and the
rest to Dave. How much of the company does Dave own now? Give your
answer as a fraction reduced to simplest terms.
Please type your subject in the School Subject box. Any other words are likely to delay responses from a teacher who knows that subject well.
Originally Dave has 1/4. He receives 2/3 *1/4 shares from Bill and 2/5 * 1/4 shares from Adam. Multiply first and then add and reduce.
I hope this helps.