Steve and Elizabeth decide to become partners in a children's cooking school.They need $80,000 for the franchise.They invest in a 3:4 ratio,respectively.About what percent of the business is owned by Elizabeth?

Question

Quizplus · Accepted Answer

Elizabeth's share is in a 4:7 ratio (4 parts out of a total of 7 parts, since 3 parts are for Steve and 4 parts for Elizabeth). To find the percentage, divide Elizabeth's part by the total parts and multiply by 100. $ \frac{4}{7} \times 100 = 57\%$.

Steve and Elizabeth Decide to Become Partners in a Children's