A Ltd owns 60 per cent of the issued capital of B Ltd and B Ltd owns 55 per cent of the issued capital of C Ltd.What is A's interest in C Ltd?

Name: A Ltd owns 60 per cent of the issued capital of B Ltd and B Ltd owns 55 per cent of the issued capital of C Ltd.What is A's interest in C Ltd?
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Question

Quizplus · Accepted Answer

To calculate A's interest in C Ltd, we need to multiply A's ownership in B Ltd (60%) with B's ownership in C Ltd (55%). Therefore, A's interest in C Ltd is 60% x 55% = 33%.

A Ltd Owns 60 Per Cent of the Issued Capital