Math Problem Statement
Solution
The problem involves determining how many shares of two stocks (A and B) an investor owns, given the following:
- Total number of shares owned: 200.
- Total value of the shares: $4000.
- Price per share of Stock A: $9.50.
- Price per share of Stock B: $27.00.
Let:
- = the number of shares of Stock A,
- = the number of shares of Stock B.
Step 1: Write equations based on the problem:
- Total number of shares: .
- Total value of shares: .
Step 2: Solve the system of equations:
From the first equation:
Substitute into the second equation:
Simplify:
Step 3: Solve for :
Using :
Final Answer:
- The investor owns 80 shares of Stock A.
- The investor owns 120 shares of Stock B.
Would you like a detailed explanation of any step or have additional questions?
Here are 5 related questions for further practice:
- What if the total number of shares was 300 instead of 200?
- How would the calculations change if Stock A's price per share increased to $10.50?
- What is the total value of Stock A owned by the investor?
- If the investor sells 40 shares of Stock B, how does it impact the total value of the shares?
- Can you write a system of equations for a similar problem with three stocks?
Tip: For systems of equations, substituting one variable into another is an efficient way to reduce the system to a single equation.
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Math Problem Analysis
Mathematical Concepts
Algebra
Systems of Linear Equations
Formulas
x + y = Total shares
Price_A * x + Price_B * y = Total value
Theorems
Substitution method for solving linear systems
Suitable Grade Level
Grades 8-10
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