A tech startup has three co-founders: Alice, Ben, and Carol. Alice owns 40% of the company shares. Ben owns twice as many shares as Carol. What percentage of the company does Carol own?

✓ Correct Answer: Option A

Alice owns 40%, leaving 100% - 40% = 60% for Ben and Carol. If Ben owns twice as much as Carol, their shares are in a 2:1 ratio. So, Carol owns 1/3 of the remaining 60%, which is (1/3) * 60% = 20%.