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August 27, 2014

August 27, 2014

Posted by **Dale** on Sunday, February 21, 2010 at 10:54pm.

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?

- Math -
**Reiny**, Sunday, February 21, 2010 at 11:03pmLet's say each one has $x

Dave gets (2/3)x from Bill and (2/5)x from Adam

So Dave now has x + (2/3)x + (2/5)x

= x(1 + 2/3 + 2/5) = (31/15)x

So now he owns [(31/15)x]/(4x)

31/60 of the company

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