We have been given that Avril invested $60,000 in a partnership with lane, Jules, Ray, Ravi and petra. The total investment of all partners was 320,000.
To find percentage of the business Avril owns we will find 60,000 is what percent of 320,000.
[tex]\text{Percentage of business that Avril owns }=\frac{60,000}{320,000}\cdot100[/tex]
[tex]\text{Percentage of business that Avril owns }=\frac{6}{32}\cdot100[/tex]
[tex]\text{Percentage of business that Avril owns }=0.1875\cdot100[/tex]
[tex]\text{Percentage of business that Avril owns }=18.75[/tex]
Therefore, Avril owns 18.75% of the business.
