The percentage of total debt of John lies with the discover bank comes out to be 26%.
Total debt represents the obligations being taken by a company in the form of debt and yet to be repaid by them to the lender.
Given values:
Debt hold in discover bank: $10,000
Total debt: $26,000
Computation of ratio of debt in discover bank:
[tex]\rm\ Debt \rm\ proportion=\frac{ \rm\ Debt \rm\ hold \rm\ in \rm\ discover \rm\ bank}{\rm\ Total \rm\ debt }\\ \rm\ Debt \rm\ proportion=\frac{\$10,000}{\$26,000} \\\rm\ Debt \rm\ proportion=26\%[/tex]
Therefore, John holds 26% of the debt from discover bank in its total debt obligation.
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