Homework SourseLori owed some shares of stock in the Peterson company She r
Lori owed some shares of stock in the Peterson company. She recently bought more shares and now she has a total of 1 1/2 times as many shares as she originally owned. Her shares are worth 20$ each and their total worth is $6,000.00. How many shares of stock did Lori originally own?
Lori owed some shares of stock in the Peterson company. She recently bought more shares and now she has a total of 1 1/2 times as many shares as she originally owned. Her shares are worth 20$ each and their total worth is $6,000.00. How many shares of stock did Lori originally own?
Solution
Lets assume there were x shares
After buying new shares she has 1.5x shares
each share price = 20$
So, total worth = 20*1.5x
30x = 6000.00
x = 2000 shares
She had originally 2000 shares
