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Mr Duckworth Owned 3/8 of a Store

question 103

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Mr. Duckworth owned 3/8 of a store. He sold 2/3 of his interest in the store for $37 000. What was the value of Mr. Duckworth's share of the store?


Definitions:

Freedom of Choice

The power or right to make one's own decisions without interference from others, often referred to in the context of consumer choices in the marketplace.

Laundry Detergent

A type of cleaning agent that is used for washing clothes.

For-Profit Business

A type of enterprise that aims to earn profit for its owners through its operations and services.

Not-for-Profit Organization

An entity that operates for purposes other than generating profit, often focusing on social, educational, or charitable activities.

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