Live Fund receive
it they sold half thier holding in Marks Brothers.
<u>Solution:</u>
Given: Sale price of Live Fund holding = 5000 dollar
To find: Amount that Live Fund will get if they sell half of their holding in Marks Brothers.
Assume the total number of shares held by Live Fund in Marks Brothers as A
Therfore, half the holdings (or half the number of shares) of Live Fund will be
.
Thus, if each share is valued at
, then the total value of the number of shares sold will be as follows,


Hence, Live Fund will receive 
X - the number
3x - 7 = -4 |add 7 to both sides
3x = 3 |divide both sides by 3
x = 1
Answer:good for him
Step-by-step explanation:
Hey there Unrazed90,
Answer :
100% = $25.30
1% = $25.30 / 100
= $0.253
8% = $0.253 x 8
= $2.024
Total = $25.30 + $2.024
= $27.324
= $27
Hope this helps :D
<em>~Natasha ♥</em>
Answer: 16 double rooms and 10 single rooms were rented.
Step-by-step explanation:
Let x represent the number of double rooms that were rented.
Let y represent the number of single rooms that were rented.
The total number of rooms rented in a day is 26. It means that
x + y = 26
A motel rents double rooms at $34 per day and single rooms at $26 per day. If all the rooms that were rented for one day cost a total of $804, it means that
34x + 26y = 804 - - - - - - - - - - -1
Substituting x = 26 - y into equation 1, it becomes
34(26 - y) + 26y = 804
884 - 34y + 26y = 804
- 34y + 26y = 804 - 884
- 8y = - 80
y = - 80/ - 8 = 10
x = 26 - y = 26 - 10
x = 16