Question

Adam, Bill, Chris, and Dave each own one quarter of a company. Bill sells
2/3 of his shares to Dave. Adam sells 3/5 of his shares to Chris and the
rest to Dave. How much of the company does Dave own now? Give your
answer as a fraction reduced to simplest terms.

Answer 1

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Answer 2

Originally Dave has 1/4. He receives 2/3 *1/4 shares from Bill and 2/5 * 1/4 shares from Adam. Multiply first and then add and reduce.

I hope this helps.