# SOLUTION: Jessica purchased x shares of stock at \$32 per share. She sold all the stock for \$56 per share and made a profit of \$552. How many shares did Jessica purchase?

Algebra ->  Algebra  -> Proportions -> SOLUTION: Jessica purchased x shares of stock at \$32 per share. She sold all the stock for \$56 per share and made a profit of \$552. How many shares did Jessica purchase?      Log On

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 Algebra: Proportions Solvers Lessons Answers archive Quiz In Depth

 Click here to see ALL problems on Proportions Question 518980: Jessica purchased x shares of stock at \$32 per share. She sold all the stock for \$56 per share and made a profit of \$552. How many shares did Jessica purchase?Answer by jessica43(140)   (Show Source): You can put this solution on YOUR website!First you know that Jessica bought the stock for \$32 per share: 32x = y (where y is the total amount she paid for the stock). Next you know that she sold the stock (same amount) for \$56 per share: 56x = z (where z is the total amount she made from the sale). Finally you know that she made a profit of \$552, so the difference between what she sold it for and what she paid for it should be 552: z - y = 552 Now plug the first two equations into the third and solve for x: z - y = 552 56x - 32x = 552 24x = 552 x = 23 So she bought 23 shares of stock.