SOLUTION: Fred and Staci Whittingham own 40 shares of Procter and Gamble stock and 25 shares of Microsoft stock. At the close of the markets on September 25, 1997, their stock portfolio was

Question 1042484: Fred and Staci Whittingham own 40 shares of Procter and Gamble stock and 25 shares of Microsoft stock. At the close of the markets on September 25, 1997, their stock portfolio was worth $6,058.75. The closing price of Microsoft stock was $64.25 more per share than the closing price of Procter and Gamble stock on that day. What was the price of each stock on September 25, 1997? (Source: Based on data from Standard and Poor�s ComStock)
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
PandG=x
M=x+64.25
25(x+64.25)+40x=6058.75
25x+1606.25+40x=6058.75
65x=4452.50, subtracting 1606.25 from both sides and combining x.
x=$68.50 P and G
40x=$2740
x+$64.25=$132.75, M.
25*$132.75=$3318.75
They add to $6058.75

RELATED QUESTIONS
Dave and Judi Mihaly own 50 shares of Microsoft and 50 shares of Apple. At the close of... (answered by mananth)

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

Ben and Carol own 112 shares of stock. Carol owns 4 more than 3 times the number of... (answered by FrankM)

samantha, lauren, and jerry own shares of the same stock with a total value of $7,650. if (answered by stanbon)

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

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

Norman and Susy own 41 shares of restaurant stock and 69 shares of a toy company stock.... (answered by ikleyn)

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