document.write( "Question 1100144: Mary Jo spends $2,860 to buy stock in two companies. She pays $13 a share to one of the companies and $26 a share to the other. If she ends up with a total of 150 shares, how many shares did she buy at $13 a share and how many did she buy at $26 a share? \n" ); document.write( "
Algebra.Com's Answer #714628 by ikleyn(52865) You can put this solution on YOUR website! . \n" ); document.write( " There are different methods to solve the problem. \n" ); document.write( " I will show you 3 (three) basic methods in this post.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Solution 1 (the system of 2 equations approach)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "Let x be the number of shares at $13 and\r\n" ); document.write( "\r\n" ); document.write( "let y be the number of shares at $26.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Then you have these two equations\r\n" ); document.write( "\r\n" ); document.write( " x + y = 150, (1) (counting shares)\r\n" ); document.write( "13x + 26y = 2860 dollars (2) (counting dollars)\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "These are your basic equations, and as soon as you got this system, the setup is completed.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "There are different methods of solving such system (Substitution, Elimination, using determinants). \r\n" ); document.write( "\r\n" ); document.write( "I will use the Elimination method here. \r\n" ); document.write( "Divide equation (2) by 13 (both sides, You will get this equation in this equivalent form\r\n" ); document.write( "\r\n" ); document.write( "x + 2y = 220. (3)\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Now subtract eq(3) from eq(1). x-terms will cancel each other, and you will get an expression for unknown y\r\n" ); document.write( "\r\n" ); document.write( "y = 220-150 = 70. \r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Thus, you found number of shares at $26. It is 70. \r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Hence the number of shares at $13 was 150 - 70 = 80.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Check. 80*13 + 26*70 = 2860 dollars. ! Correct. !\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Answer. 80 shares at $13 and 70 shares at $26.\r\n" ); document.write( "\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Solution 2 (one equation approach)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "Let x be the number of shares at $13.\r\n" ); document.write( "\r\n" ); document.write( "Then the number of shares at $6 is (15-x), according to the condition.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "It was payed 13*x dollars for x 13-dollar shares.\r\n" ); document.write( "\r\n" ); document.write( "It was payed 26*(150-x) dollars for (150-x) 26-dollar shares.\r\n" ); document.write( "\r\n" ); document.write( "Summing up these money, you get the \"money\" equation\r\n" ); document.write( "\r\n" ); document.write( "13x + 26*(150-x) = 2860. (4)\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "It is your basic equation in the frame of this approach,\r\n" ); document.write( "and as soon as you got this equation, the setup is completed.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "To solve equation (4), simplify it step by step.\r\n" ); document.write( "\r\n" ); document.write( "13x + 3900 - 26x = 2860 ====> -13x = 2860 - 3900 = -1040 ====> x =\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Solution 3 (Logical analysis)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "Let assume for a minute that all shares are at $13.\r\n" ); document.write( "\r\n" ); document.write( "Then their total cost would be 150*13 = 1950 dollars.\r\n" ); document.write( "\r\n" ); document.write( "But it is by 2860 - 1950 = 910 dollars less than the given total cost.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Why did we get the difference ? - But of course, because we account 26-dollar shares as 13-dollar shares.\r\n" ); document.write( "\r\n" ); document.write( "So, we should return these 26-dollar shares back. Returning each, we diminish the difference of $910 by 26-13 = 13 dollars.\r\n" ); document.write( "\r\n" ); document.write( "Then it is clear that the number of 26-dollar shares was\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-------------- \n" ); document.write( "Congratulations ! You are now familiar with 3 methods for shares problems solution.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I suggest that algebraic methods will be your basic methods for such problems,\r \n" ); document.write( "\n" ); document.write( "and the logical analysis method will allow you to solve the problems MENTALLY without using equations.\r \n" ); document.write( "\n" ); document.write( "I will be happy if it will make your horizon wider.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-------------- \n" ); document.write( "So, this share problem solution is the same as the traditional ticket problem solution.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To see similar solved problems on tickets, look into the lessons\r \n" ); document.write( "\n" ); document.write( " - Using systems of equations to solve problems on tickets \r \n" ); document.write( "\n" ); document.write( " - Three methods for solving standard (typical) problems on tickets\r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To see how the logical method works for other similar problems, look into the lessons\r \n" ); document.write( "\n" ); document.write( " - Problem on two-wheel and three-wheel bicycles\r \n" ); document.write( "\n" ); document.write( " - Problem on animals at a farm\r \n" ); document.write( "\n" ); document.write( " - Problem on pills in containers\r \n" ); document.write( "\n" ); document.write( " - What type of problems are these? \r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |