SOLUTION: Norman and Susy own 41 shares of restaurant stock and 69 shares of a toy company stock. At the close of the markets on a particular day in 2004, their stock portfolio consisting of

Question 1173517: Norman and Susy own 41 shares of restaurant stock and 69 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 $1755.00. The closing price of the restaurant stock was $20 more per share than the toy company stock on that day. What was the closing price of each stock on that day?
Answer by ikleyn(52771) (Show Source): You can put this solution on YOUR website!
.


Let t be the price per share of the toy company. 

Then the price per share of the restaurant stock is (t+20).


An equation for the total stocks is


    69t + 41*(t+20) = 1755


From this equation


        110t        = 1755 - 41*20

        110t        =     935


           t        =      935/110 = 8.5


ANSWER.  The toy company stock was $8.50 per share; the restaurant stock was $28.50 per share.

Solved.

RELATED QUESTIONS
Norman and Suzanne own 39 shares of a fast-food restaurant stock and 69 shares of a toy... (answered by ikleyn)

Norman and Suzanne own 28 shares of a fast food restaurant stock and 68 shares of a toy... (answered by ikleyn)

norman and suzanne own 38 shares of a fast food restaurant stock and 64 shares of a toy... (answered by checkley77)

Norman and Suzanne own 39 shares of a fast food stock and 71 shares of a toy company... (answered by jorel555)

Norman and Suzanne own 33 shares of a fast food restaurant stock and 67 shares of a toy... (answered by checkley77)

Norman and suzanne own 37 shares of a fast food restaurant stock and 71 shares of a toy... (answered by TimothyLamb)

Norman and suzanne scarpulla own 35 shares of mcdonald's stocks and 69 shares of the ohio (answered by mananth)

Fred and Staci Whittingham own 40 shares of Procter and Gamble stock and 25 shares of... (answered by Boreal)

You own 100 shares of Stock A and 30 shares of stock B. On Monday, stock A decreased by... (answered by oscargut)