SOLUTION: Eric bought 300 shares. If he sells them for $4500, he can earn a profit of $1500.
Set up an algebraic equation and find the price he paid for a share?
(Hint: Assume the price
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Set up an algebraic equation and find the price he paid for a share?
(Hint: Assume the price
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Question 203196: Eric bought 300 shares. If he sells them for $4500, he can earn a profit of $1500.
Set up an algebraic equation and find the price he paid for a share?
(Hint: Assume the price of a share is x dollars)
Thank you,
Lara Carlson Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! ): Eric bought 300 shares. If he sells them for $4500, he can earn a profit of $1500.
Set up an algebraic equation and find the price he paid for a share?
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Use a proportion:
x/1 = (4500-1500)/300 = 3000/300 = 10
x = $10 (price he paid for one share)
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Cheers,
Stan H.
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