. A dividend of $3060 is to be distributed among 3 shareholders in the ratio of shares held. If Tony had 9 shares Tyler had 2 shares Meghan had 1share How much does each person receive?

.   A dividend of $3060 is to be distributed among 3 shareholders in the ratio of shares held.  If

 

Tony had 9 shares                  Tyler had 2 shares                  Meghan had 1share

 

How much does each person receive?
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1 Answer

Total shares=9+2+1=12.

Divide $3060 by 12=$255, so Tony has 9×255=$2295, Tyler has 2×255=$510 and Meghan has $255.

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