Matthew has two different stocks. One is worth $9 more per share than the other. He has 17 shares of the more valuable stock and 42 shares of the other stock. His total assets in stocks is $1923. How much is the more expensive stock per share?
1 Answer
The value of the expensive share is $39 each and the stock is worth $ 663.
Explanation:
Let the stocks with less value be of value $
Given that : One is worth $9 more per share than the other.
So the value of other share = $
Given that : He has 17 shares of the more valuable stock and 42 shares of the other stock. That means,
He has 17 shares of value $
So, the stock of less value shares is worth =$
and
the stock of more value shares is worth =
= $
Given that : His total assets in stocks is $1923. That means:
So, the value of the more expensive share is