document.write( "Question 727810: Pho Lin has investments in EBay and Amazon stock. On March 9, 2007, EBay stock closed at $30.82 per share and Amazon stock closed at $38.84 per share. Pho's stock portfolio was worth $2866.60 at the end of the day. If Pho owns 20 more shares of Amazon stock than EBay stock, how many of each type of stock does she own. \n" ); document.write( "
Algebra.Com's Answer #445199 by mbmodak(32)![]() ![]() ![]() You can put this solution on YOUR website! let \n" ); document.write( "ebay shares be x nos & each share worth 30.82 or cost of Ebay shares is 30.82*x \n" ); document.write( "then amazon shares which are 20 more than e bay shares shall be x+20 \n" ); document.write( "so as Amazon shares are worth 38.84 each , cost of amazon shares is (x+20)*38.84 \n" ); document.write( "Total cost of Ebay+Amazon shares is 2866.60 Thus \n" ); document.write( "30.82x+38.84(x+20)=2866.60 \n" ); document.write( "30.82x+38.84x+38.84*20=2866.60 \n" ); document.write( "69.66x+776.80=2866.60 \n" ); document.write( "69.66x=2866.60-776.80 \n" ); document.write( "69.66x=2089.80 \n" ); document.write( "x=2089.80/69.66 x=30 \n" ); document.write( "Thus E bay cost is 30.82*30 & Amazon cost is (30+20)*38.84 & therefore total cost is 942 & amazon cost is 1972 Together =2866.6 \n" ); document.write( " \n" ); document.write( " |