QuestionAugust 18, 2025

Using the Exxon data as an example, pretend Penny's Pickles (a fake pickle company) divides their company into 10,000 shares of stock. If you buy 200 of those shares, what percent of Penny's Pickles do you own? .02 2 20 2

Using the Exxon data as an example, pretend Penny's Pickles (a fake pickle company) divides their company into 10,000 shares of stock. If you buy 200 of those shares, what percent of Penny's Pickles do you own? .02 2 20 2
Using the Exxon data as an example, pretend Penny's Pickles (a fake pickle company) divides their company into 10,000 shares of stock. If you buy 200 of those shares, what percent of Penny's Pickles do you own? .02 2 20 2

Solution
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Answer

2 Explanation 1. Calculate the percentage of ownership Use the formula for percentage: **Percentage = \left(\frac{\text{Number of Shares Owned}}{\text{Total Number of Shares}}\right) \times 100**. Substitute the values: \(\left(\frac{200}{10000}\right) \times 100\). 2. Simplify the calculation Simplify to get \(0.02 \times 100 = 2\).

Explanation

1. Calculate the percentage of ownership<br /> Use the formula for percentage: **Percentage = \left(\frac{\text{Number of Shares Owned}}{\text{Total Number of Shares}}\right) \times 100**. Substitute the values: \(\left(\frac{200}{10000}\right) \times 100\).<br /><br />2. Simplify the calculation<br /> Simplify to get \(0.02 \times 100 = 2\).
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