Sydney's Siding made a basket purchase involving four assets. Their market values were A: $41,000; B: $40,000; C: $45,000; and D: $54,000. The price Sydney's paid for the four assets was $170,000. What percentage of the $170,000 price would be allocated to asset C to the nearest one-tenth of a percent? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

Question

Quizplus · Accepted Answer

To find the percentage allocated to asset C, we need to divide the value of asset C by the total value of all assets and then multiply by 100:
Percentage allocated to asset C = (value of asset C / total value of assets) x 100%
Total value of assets = $41,000 + $40,000 + $45,000 + $54,000 = $180,000
Percentage allocated to asset C = ($45,000 / $180,000) x 100% = 25%
Therefore, the answer is C) 25%.

Sydney's Siding Made a Basket Purchase Involving Four Assets