Sydney's Siding Made a Basket Purchase Involving Four Assets

question 116

Multiple Choice

Sydney's Siding made a basket purchase involving four assets.Their market values were A: $45,000;B: $37,500;C: $41,000;and D: $53,000.The price Sydney's paid for the four assets was $160,000.What percentage of the $160,000 price would be allocated to asset C to the nearest one-tenth of a percent?

• A)30.0%
• B)25.5%
• C)23.2%
• D)21.2%