Julie and Kristen are the partners in a local sporting goods shop. They needed $51,000 to start the business. They invested in the ratio 5:12, respectively.
a. How much money did each invest?
b. What percent of the business was owned by Kristin? Round to the nearest tenth of a percent.
c. If the business grows to $3,000,000, what percent of it will Julie own? Round to the nearest tenth of a percent.