document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=203196>Question 203196</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Eric bought 300 shares. If he sells them for $4500, he can earn a profit of $1500. <BR>\n" );
document.write( "Set up an algebraic equation and find the price he paid for a share? <BR>\n" );
document.write( "(Hint: Assume the price of a share is x dollars)\r<BR>\n" );
document.write( "\n" );
document.write( "Thank you,\r<BR>\n" );
document.write( "\n" );
document.write( "Lara Carlson </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #153305 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=153305\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> ): Eric bought 300 shares. If he sells them for $4500, he can earn a profit of $1500. <BR>\n" );
document.write( "Set up an algebraic equation and find the price he paid for a share? <BR>\n" );
document.write( "------------------------<BR>\n" );
document.write( "Use a proportion:<BR>\n" );
document.write( "x/1 = (4500-1500)/300 = 3000/300 = 10<BR>\n" );
document.write( "x = $10 (price he paid for one share)<BR>\n" );
document.write( "===========================================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );