angelequej1167
12.07.2021 •
Mathematics
Norman and Suzanne own 35 shares of a fast food restaurant stock and 63 shares of a toy company stock. At the close of the markets on a particular day in 2004, their stock portfolio consisting of these two stocks was worth $1596.00. The closing price of the fast food restaurant stock was $19 more per share than the closing price of the toy company stock on that day. What was the closing price of each stock on that day? The price per share of the fast food restaurant stock is
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Ответ:
closing price of the fast food stock was $997.50
closing price of the toy company stock was $598.50
the price per fast food share was $28.50
Step-by-step explanation:
x = price per share fast food
y = price per share toy company
35x + 63y = 1596
x = y + 19
=>
35(y+19) + 63y = 1596
35y + 665 + 63y = 1596
98y + 665 = 1596
98y = 931
y = $9.50
=>
x = 9.5 + 19 = $28.50
the value of the whole fast food stock was
35x = 35×28.5 = $997.50
the cake if the whole toy company stock was
63y = 63×9.5 = $598.50
Ответ: