In a tenancy in common, if Davis contributed 40% and Hernandez contributed $22,500 towards a $120,000 property, what percentage does Moore own?

To determine Moore's ownership percentage in a tenancy in common, we begin by calculating the contributions of both Davis and Hernandez.

Davis contributed 40% of the property value. The value of the property is $120,000. Therefore, Davis's financial contribution can be calculated as follows: 40% of $120,000 = 0.4 * 120,000 = $48,000.

Hernandez contributed $22,500.

Now, let's find the total amount contributed by both Davis and Hernandez: $48,000 (Davis) + $22,500 (Hernandez) = $70,500.

The total ownership percentages contributed by Davis and Hernandez can be calculated based on their contributions relative to the total property value. Davis contributed $48,000 and Hernandez contributed $22,500, summing to $70,500. To find the remaining percentage of the property owned by Moore, we subtract the total contributions of Davis and Hernandez from the full property value: $120,000 (total property value) - $70,500 (Davis and Hernandez's contributions) = $49,500.

Now we need to find what percentage Moore's contribution represents of the total property value: ($49