Question

Mr. and Mrs. Delgado each own an equal number of shares of a stock.Mr. Delgado sells one-third of his shares for $2700. What was the value of Mr. and Mrs.Gelgados stock before the sale?

Answer 1

3x2700=Just Mr. Delgado's shares' value= $8100

Since they own an equal number of shares, their total value of stock before the sale is two times what each of them has separately.

$8100 x 2=value of their stock= $16200