SOLUTION: bob sold some stock at $32 per share. This was $16 a share less than 8 times what he paid for it. What price did he pay for each share of the stock?

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Question 375649: bob sold some stock at $32 per share. This was $16 a share less than 8 times what he paid for it. What price did he pay for each share of the stock?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
8x-16=32
8x=48
x=$6