Question

question 3 of 10: an entrepreneur wants $500,000 for one third of her company. how much does she think the company is worth? a) $1,500,000 b) $1,600,000 c) $1,700,000 d) $1,800,000

Explanation:

Step1: Set up the equation

Let the value of the company be $x$. We know that $\frac{1}{3}x = 500000$.

Step2: Solve for $x$

Multiply both sides of the equation by 3. So $x=500000\times3 = 1500000$.

Answer:

a) $\$1,500,000$