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Tom, Dick and Harry own stock in their company in the ratio 4:5:6. If the total value of the stock is $45,000, What value of stock would Harry need to give Tom for all three to own the stock equally?
Answer: A
Explanation: The stock is owned in the ratio 4:5:6 and the total value is $45,000.
To work out the value of their holdings add 4+5+6 = 15.
Divide $45,000 by 15 = $3,000. You can then calculate that
Tom owns $12,000 (4 * $3,000)
Dick owns $15,000 (5 * $3,000)
Harry owns $18,000 (6 * $3,000)
Therefore Harry would need to give Tom $3,000 worth of stock for all three to own
$15,000 worth.
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