7. Metropolis Corporation has 4 shareholders: Fritz, Luis, Alfred and Werner. Number of shares that Fritz owns is 2/3 rd of number of the shares of the other three shareholders, number of the shares that Luis owns is 3/7 th of number of the shares of the other three shareholders and number of the shares that Alfred owns is 4/11 th of number of the shares of the other three shareholders. If dividends of $3,600,000 were distributed among the 4 shareholders, how much of this amount did Werner receive?
A. $60,000
B. $90,000
C. $100,000
D. $120,000
E. $180,000
Fritz owns \(\frac{2}{3}\) of the shares owned by the other three shareholders. In other words, Fritz owns \(\frac{2}{2+3}=\frac{2}{5}\) of all the shares. To put it more simply, Fritz owns 2 parts, while the other three shareholders together own 3 parts. Thus, Fritz owns 2 parts out of a total of 5 parts.
Luis owns \(\frac{3}{7}\) of the shares owned by the other three shareholders. In other words, Luis owns \(\frac{3}{3+7}=\frac{3}{10}\) of all the shares.
Alfred owns \(\frac{4}{11}\) of the shares owned by the other three shareholders. In other words, Alfred owns \(\frac{4}{4+11}=\frac{4}{15}\) of all the shares.
Combined, these three shareholders own \(\frac{2}{5}+\frac{3}{10}+\frac{4}{15}=\frac{29}{30}\) of all the shares. This implies that Werner owns the remaining shares, which amounts to \(1-\frac{29}{30}=\frac{1}{30}\). Therefore, from the total of $3,600,000, Werner receives \($3,600,000 * \frac{1}{30} = $120,000\).
Answer: D