SOLUTION: Matthew has two different stocks. One of the stocks is worth twice as much per share as the other. He has 10 shares of the more valuable stock and 36 shares of the other stock. His

Algebra ->  Equations -> SOLUTION: Matthew has two different stocks. One of the stocks is worth twice as much per share as the other. He has 10 shares of the more valuable stock and 36 shares of the other stock. His      Log On


   

Question 1031888: Matthew has two different stocks. One of the stocks is worth twice as much per share as the other. He has 10 shares of the more valuable stock and 36 shares of the other stock. His total assets in stocks is $1120. How much is less expensive stock worth per share?
A) $20 per share
B) $18 per share
C) $36 per share
D) $25 per share
Could you please tell me step by step how to get the answer
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
Let n be the cheap stock. Then the more expensive stock is 2n. So:
10(2n)+36n=1120
56n=1120
n=1120/56=20
The less expensive stock is worth $20/share, the more expensive one is $40/share!!!!!!!!!