SOLUTION: The ratio of the number of share of stock X to the number of shares of stock Y in Paul's portfolio is 2:3. If there are a total of 60 shares of stock in Paul's portfolio, how many
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: The ratio of the number of share of stock X to the number of shares of stock Y in Paul's portfolio is 2:3. If there are a total of 60 shares of stock in Paul's portfolio, how many
Log On
Question 86244: The ratio of the number of share of stock X to the number of shares of stock Y in Paul's portfolio is 2:3. If there are a total of 60 shares of stock in Paul's portfolio, how many shares of stock X are there?
You can put this solution on YOUR website! The ratio of the number of share of stock X to the number of shares of stock Y in Paul's portfolio is 2:3. If there are a total of 60 shares of stock in Paul's portfolio, how many shares of stock X are there?
--------------
A ratio of 2:3 is the same as 2x:3x where x is any number except zero.
---------------
EQUATION:
2x + 3x = 60
5x = 60
x= 12
2x = 24 (# of stock X shares)
===============
Cheers,
Stan H.
(