What is ABC's ownership interest in 123 after its sale?
A) 21%
B) 36%
C) 42%
D)56%

Name: What is ABC's ownership interest in 123 after its sale? A) 21% B) 36% C) 42% D)56%
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Question

Quizplus · Accepted Answer

ABC owned 60% of 123 before the sale, and it sold 30% to XY, which left ABC with 30% ownership. Then, ABC sold 30% of its remaining ownership (which is 30% x 60% = 18%) to OP, leaving ABC with 60% - 18% = 42% ownership in 123 after the sale. Therefore, the correct answer is C) 42%.

What Is ABC's Ownership Interest in 123 After Its Sale