I have an amount of money.
10% of this money is currently shared between these 4 people in the following ratio:
Person 1 (1/3) 33.333%
Person 2 (1/3) 33.333%
Person 3 (1/6) 16.666%
Person 4 (1/6) 16.666%
However, I now need to take an extra 1% of the total money making it 11% of the total shared between these people.
The problem is all of this new 1% would be given to person 1 only, which would mean all the percentages need to be recalculated with person 1 getting the largest share.
How would I go about calculating this?
Thanks
10% of this money is currently shared between these 4 people in the following ratio:
Person 1 (1/3) 33.333%
Person 2 (1/3) 33.333%
Person 3 (1/6) 16.666%
Person 4 (1/6) 16.666%
However, I now need to take an extra 1% of the total money making it 11% of the total shared between these people.
The problem is all of this new 1% would be given to person 1 only, which would mean all the percentages need to be recalculated with person 1 getting the largest share.
How would I go about calculating this?
Thanks