document.write( "Question 1101278: An investor bought 400 shares of stock some at $6.75 per share and some at $5.00 per share. If the total cost was $2306.25 how many shares of each stock did the investor buy? Round to two decimal places if necessary \n" ); document.write( "
Algebra.Com's Answer #715841 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x shares at 6.75 and (400-x) at 5\r \n" ); document.write( "\n" ); document.write( "x*(6.75)+(400-x)*5=2306.25 \n" ); document.write( "6.75x+2000-5x=2306.25 \n" ); document.write( "1.75x=306.25 \n" ); document.write( "x=175 shares @$6.75=$1181.25 \n" ); document.write( "(400-x)=225 shares@$5=$1125 \n" ); document.write( "Total is $2306.25 \n" ); document.write( " \n" ); document.write( " |