James originally owned 7/8 of the company. In 2022, James sold 2/5 of his share to Paul.
To find out how much of the company James owned after the sale, we need to subtract the fraction of his share that he sold to Paul (7/20) from his original share (7/8):
7/8 - 7/20 = 35/40 - 14/40 = 21/40
So James owned a 21/40 share of the company after selling 2/5 of his share to Paul in 2022.
Answers & Comments
Answer:
James originally owned 7/8 of the company. In 2022, James sold 2/5 of his share to Paul.
To find out how much of the company James owned after the sale, we need to subtract the fraction of his share that he sold to Paul (7/20) from his original share (7/8):
7/8 - 7/20 = 35/40 - 14/40 = 21/40
So James owned a 21/40 share of the company after selling 2/5 of his share to Paul in 2022.