Peter, Gordon, Irwin and Mark are currently in a partnership. However, Peter is retiring and will be bought out by the remaining three partners for $150,000. The current ownership structure is as follows: If Gordon, Irwin and Mark still wish to maintain the same ownership percentage, how should Peter's shares be allocated?

Question

Peter, Gordon, Irwin and Mark are currently in a partnership. However, Peter is retiring and will be bought out by the remaining three partners for $150,000. The current ownership structure is as follows:  If Gordon, Irwin and Mark still wish to maintain the same ownership percentage, how should Peter's shares be allocated?

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The Answer of Peter, Gordon, Irwin and Mark are currently in a partnership. However, Peter is retiring and will be bought out by the remaining three partners for $150,000. The current ownership structure is as follows:  If Gordon, Irwin and Mark still wish to maintain the same ownership percentage, how should Peter's shares be allocated?

Peter, Gordon, Irwin and Mark Are Currently in a Partnership