Nico owns 100 shares of Stock X which has a price of $12 per share and 200 shares of Stock Y which has a price of $3 per share. What is the proportion of Nico's portfolio invested in stock X?
A) 77%
B) 67%
C) 50%
D) 33%

Question

Quizplus · Accepted Answer

The value of Nico's investment in Stock X is 100 x $12 = $1200.
The value of Nico's investment in Stock Y is 200 x $3 = $600.
The total value of Nico's portfolio is $1800.
Therefore, the proportion of Nico's portfolio invested in Stock X is $1200/$1800 = 2/3 = 67%.
Hence, option B is the best choice.

Nico Owns 100 Shares of Stock X Which Has a Price