Davis, Hernandez, and Moore are vested as tenants in common on a parcel of land. Each received a pro-rata undivided interest in the parcel. The total price was $120,000. David put up 40% and Hernandez put up $22,500. What percentage does Moore own (to the nearest tenth of a percent)?
1) 33.30%
2) 36.00%
3) 45.00%
4) Cannot be determined