1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andre [41]
2 years ago
10

8. Mitchell bought 600 shares of Centerco two years ago $34.50 per share. He sold them yesterday for $38.64 per share.

Mathematics
1 answer:
g100num [7]2 years ago
7 0

Answer:

a. percentage increase in price per share = 12%

b. The total purchase price for the 600 shares is $20,700

c.  The profit for the 600 shares is $2,484

d.  The profit for the 600 shares is $2,484

Step-by-step explanation:

a. Initial price per share    =  $34.50

Current price per share = $38.64

Change or increase in price =  $38.64 - $34.50 = $4.14

percentage increase in price per share = 12/34.50 x 100% = 12%

b. Total number of shares     =  600

    Price                                   =   $34.50

   The total purchase price for the 600 shares = ($34.5x600) = $20,700

c.  Total cost of 600 shares   =  ($34.5x600) = $20,700

     Total revenue from sales =  ($38.64x600) = $23,184

     Profit from the 600 shares = Total selling price - total cost price

                                                  = $23,184 - $20,700 = $2,484

d.  Total cost of 600 shares   =  ($34.5x600) = $20,700

     Total revenue from sales =  ($38.64x600) = $23,184

     Profit from the 600 shares = Total selling price - total cost price

                                                  = $23,184 - $20,700 = $2,484

You might be interested in
6=a/4+6 I need the answer for math please
tangare [24]

Answer:

a = 60

Step-by-step explanation:

4 + 6 = 10

6 = a/10

10*6 = 60

6 = 60/4+6

Hope this helps!

8 0
2 years ago
Read 2 more answers
A pencil at a stationery store costs $1, and a pen costs $1.50. Stefan spent $7 at the store. He bought a total of 6 items. Whic
LekaFEV [45]
Well, the first one, I have never worked with before so I'm sry but I can't help you with that one. 3y + x = 4 (x=1) 2y - x = 6 (x=8)
4 0
3 years ago
How does the graph y=3^x compare to the graph y=3^-x
LUCKY_DIMON [66]

Answer:

Y = 3x^x is a graph that has exponential growth while y = 3^-x has exponential decay.

Y = 3x^x (-∞, 0) and (∞, ∞).

Y = 3x^-x (-∞, ∞) and (∞, 0).

Step-by-step explanation:

The infinity symbols were being used to represent the x and y values of each graph. I will call y = 3^x "graph 1" and y = 3^-x "graph 2".

When graph 1 had positive ∞ for its x value, its y value was reaching towards positive ∞. When its x was reaching for negative ∞, its y was going for 0.

For graph 2, however, when its x was reaching for positive ∞, its x was reaching for 0. When its x was reaching for negative ∞, its y was going for positive ∞.

Here's an image of the graphs:

5 0
2 years ago
Apples sell for $1.90 per pound, and bananas sell for $0.75 per pound. Troy bought some apples and some bananas. Together they w
matrenka [14]

Answer:

1.15p + 285 = 5.84

Step-by-step explanation:

This problem has two equations. Total cost and Total pounds. The cost and the pounds

p = apple pounds

b = banana pounds

<u>Cost</u>

1.90p + .75b =  5.84

<u>Pounds</u>

p + b = 3.8

<u>Now we use the substitute method for system of equations to solve</u>

p + b = 3.8

b = -p + 3.8

<u>Now that we know what b equals, substitute is for b in the cost equation.</u>

1.90p + .75b =  5.84

1.90p + .75(-p+3.8) =  5.84

<u>distribute / multiply  .75 by (-p+3.8)</u>

1.90p +  -.75p + 2.85 =  5.84

<u>Combine the p values</u>

1.15p + 285 = 5.84

4 0
3 years ago
Darius takes his family on an afternoon boat ride.
adelina 88 [10]
The statement that is true would be later on as he crosses Stover Lake, he drives 30 minutes at the same average speed. Hope this helps
6 0
3 years ago
Other questions:
  • In the order of operations, expressions inside parentheses are evaluated before exponents.
    9·2 answers
  • What are the solution(s) of 3x2 + 13x + 14 = 0? Select the two correct two answers.
    7·1 answer
  • Solve. Write the solution in interval notation. -2x&gt;-8 and -5x&lt;20.
    6·1 answer
  • Which expression is equivalent to -2 1/4 -2/3
    14·1 answer
  • What is the slope of the graph y = -25x - 42?​
    14·2 answers
  • When mixed how many cups are in the punch?
    8·2 answers
  • Solve for x. 2(4x+7)=62
    6·2 answers
  • Jim is solving 3.6 ÷ 1.5.
    14·1 answer
  • Quadrilateral ABCD has vertices at A(-3, 3), B(0, 4), C(3, 3),and D(0,2). What word below best describes this quadrilateral?
    6·1 answer
  • What is the answer to 36÷9 using a number line?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!