Fred and Staci Whittingham own 40 shares of Procter and Gamb

Fred and Staci Whittingham own 40 shares of Procter and Gamble stock and 25 shares of Microsoft stock. At the close of the markets on September 25, 1997, their stock portfolio was worth $6,258.75. The closing price of Microsoft stock was $60.25 more per share than the closing price of Procter and Gamble stock on that day. What was the price of each stock on September 25,1997?

-This is what I have so far!

PG = 40 Shares

M = 25 Shares

M = $60.25 + P

40P+25M = $6,258.75

40P+25(60.25+P)

Solution

PG = 40 Shares

M = 25 Shares

M = $60.25 + P

40P+25M = $6,258.75

40P+25(60.25+P) = 6,258.75

Your work is correct.Further solving

65P + 1506.25 = 6,258.75

65P = 4752.5

Price of Proc and Gamble share , P = 4752.5/65 = $ 73.11

Price of M icrosft share= 60.25 +P = $ 133.37