SOLUTION: Dave and Judi Mihaly own 50 shares of Microsoft and 50 shares of Apple. At the close of markets their stock portfolio was worth $6035.90. The closing price of microsoft was $60.68

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Dave and Judi Mihaly own 50 shares of Microsoft and 50 shares of Apple. At the close of markets their stock portfolio was worth $6035.90. The closing price of microsoft was $60.68      Log On


   



Question 321634: Dave and Judi Mihaly own 50 shares of Microsoft and 50 shares of Apple. At the close of markets their stock portfolio was worth $6035.90. The closing price of microsoft was $60.68 less than the closing price of Apple. What was the price of eachstock that day?
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
Apple closing price be x
Microsoft closing price = x-60.68
..
50x+50(x-60.68)=6035.90
50x+50x-3034=6035.90
100x=9069.90
x= $906.99 Apple price
906.99-60.68= $846.31 Microsoft price