Y=-x-2
y=3x+2
multiply the first equation by 3: 3y=-3x-6
add up this equation with equation 2: 4y=-4, y=-1
-1=3x+2, x=-1
so the solution point is (-1,-1)
1. $50,000. divided by 1000 shares = $50. per share
2. The market price is 49 1/4, or $49.25
3 . It is selling par.(Par =$50,selling$49.25)
4. 20 shares * $5. = $100.
5. You sell one share for 49 1/4 and your cost is 41 1/8 +1/8 =41 1/4
Your profit is $8. * 72 =$576. - $32.52 = $543.48
Total investment is 72 * 41 1/8 = $2961.
% of profit: 543.48/2961= x/100, so x = 18.354609%
33,390
You just do
106/100 * 31,500 to find 6% higher
