Solve the problem.

-Matthew has two different stocks. One of the stocks is worth twice as much per share as the other. He has 14 shares of the more valuable stock and 27 shares of the other stock. His total assets in
Stocks is $2640. How much is the less expensive stock worth per share?
A) $48 per share
B) $92 per share
C) $46 per share
D) $53 per share

Question

Solve the problem.

-Matthew has two different stocks. One of the stocks is worth twice as much per share as the other. He has 14 shares of the more valuable stock and 27 shares of the other stock. His total assets in
Stocks is $2640. How much is the less expensive stock worth per share?
A) $48 per share
B) $92 per share
C) $46 per share
D) $53 per share

Quizplus · Accepted Answer

Let x be the worth per share of the less expensive stock. Then the more valuable stock is worth 2x per share. The total value of the stocks is given by 14(2x) + 27(x) = 2640. Solving for x gives x = 48.

Solve the Problem. -Matthew Has Two Different Stocks. One of the Stocks Is