document.write( "Question 1158285: Norman and Suzanne own 39 shares of a fast-food restaurant stock and 69 shares of a toy company stock. At the close of the markets on a particular day in 2004, their stock portfolio consisting of these two stocks was worth $1530.00. The closing price of the fast food restaurant stock was $24 more per share than the closing price of the toy company stock on that day. What was the closing price of each stock on that day? \r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

Algebra.Com's Answer #781200 by ikleyn(52777) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "Let x be the closing price of the fast-food stock;\r\n" );
document.write( "\r\n" );
document.write( "then the closing price of the toy company stock is (x-24) dollars.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "You have then this equation for the total cost of the stocks\r\n" );
document.write( "\r\n" );
document.write( "    39x + 69*(x-24) = 1530   dollars.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "From the equation\r\n" );
document.write( "\r\n" );
document.write( "    x =  = 29.50 dollars.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "ANSWER. The closing price for the fast-food stock is 29.50 dollars;  for the toy company stock 29.50-24.00 = 5.50 dollars.\r\n" );
document.write( "

\r
\n" ); document.write( "\n" ); document.write( "Solved.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );