SOLUTION: Norman and Susy own 41 shares of 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

Algebra ->  Radicals -> SOLUTION: Norman and Susy own 41 shares of 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      Log On


   

Question 1173517: Norman and Susy own 41 shares of 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 $1755.00. The closing price of the restaurant stock was $20 more per share than the toy company stock on that day. What was the closing price of each stock on that day?
Answer by ikleyn(52786) About Me  (Show Source):
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Let t be the price per share of the toy company. 

Then the price per share of the restaurant stock is (t+20).


An equation for the total stocks is


    69t + 41*(t+20) = 1755


From this equation


        110t        = 1755 - 41*20

        110t        =     935


           t        =      935/110 = 8.5


ANSWER.  The toy company stock was $8.50 per share; the restaurant stock was $28.50 per share.

Solved.