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If you have 40% stake in a company and you increase it by 3% what percent of the company do you own?

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Amarjeet K. | Professional Engineer for Math and Science TuroringProfessional Engineer for Math and Scien...
4.6 4.6 (8 lesson ratings) (8)
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Assume total company stocks to be x
You owe 40% i.e 0.40x
If your increase your stocks by 3% = 3/100  x 0.4x = 0.012x
Total stocks you own now = 0.4x  +   0.012x = 0.412x
Total percent yo own now = 0.412x/x   * 100 = 41.2%
:)