Question

Mr and mrs delgado each own an equal number of shares of stock. Mr.delgado sells 1/3of his shares for $2700. what was the total value of mrs and mr delgado's stock before the sale?

Answer 1

Mr Delgado: 2,700 x 3 = $8,100

Since Mr Delgado and Mrs Delgado each owned the same amount of stock before the sale, you have to multiply his value by 2 to get their combined shares.
- 8,100 x 2 = 16,200

ANSWER: $16,200