Question 324172: Norman and Suzanne own 33 shares of a fast food restaurant stock and 67 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 $1510.00. The closing price of the fast food restaurant stock was $20 more per share than the closing price of the toy company stock on that day. What was the closing price of each stock on that day?
The price per share of the fast food restaurant stock is $ _____
THe price per share of the toy company stock is $ ______
Answer by checkley77(12844)   (Show Source):
You can put this solution on YOUR website! 33(x+20)+67x=1,510
32x+660+67x=1,510
99x=1,510-660
99x=850
x=850/99
x=$8.59 ans. for the price of the toy stock.
8.59+20=$28.59 ans. for the price of the fast food stock.
Proof:
33*28.59+67*8.59=1,510
943.47+575.53=1,510
1,519~1,510
|
|
|
