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3 years ago

6) John purchased 120 shares of Walmart stock at $58.02 each. He sold the stock for $120.98.

Mathematics

1 answer:

antiseptic1488 [7]3 years ago

8 0

Answer:

John lost $6841.42.

Step-by-step explanation:

Let's find out how much John paid for the stock he bought. Each share cost $58.02. He bought 120 shares. Multiply the price by the number of shares.

58.02 x 120 = 6962.40

He sold the stock for $120.98 -- a huge loss! (We are not told that the $120.98 is the selling price of one share, so I'm assuming that's what John sold all his shares for.)

Find the difference to see what his loss was.

$6962.40 - $120.98 = $6841.42 LOST!

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A rectangular parking lot has an area of 15,000 feet squared, the length is 20 feet more than the width. Find the dimensions

faust18 [17]

Dimension of rectangular parking lot is width = 112.882 feet and length = 132.882 feet

<h3>Solution:</h3>

Given that

Area of rectangular parking lot = 15000 square feet

Length is 20 feet more than the width.

Need to find the dimensions of rectangular parking lot.

Let assume width of the rectangular parking lot in feet be represented by variable "x"

As Length is 20 feet more than the width,

so length of rectangular parking plot = 20 + width of the rectangular parking plot

=> length of rectangular parking plot = 20 + x = x + 20

The area of rectangle is given as:

$\text {Area of rectangle }=length \times width$

Area of rectangular parking lot = length of rectangular parking plot $\times$ width of the rectangular parking

$\begin{array}{l}{=(x+20) \times (x)} \\\\ {\Rightarrow \text { Area of rectangular parking lot }=x^{2}+20 x}\end{array}$

But it is given that Area of rectangular parking lot = 15000 square feet

$\begin{array}{l}{=>x^{2}+20 x=15000} \\\\ {=>x^{2}+20 x-15000=0}\end{array}$

Solving the above quadratic equation using quadratic formula

General form of quadratic equation is

${ax^{2}+\mathrm{b} x+\mathrm{c}=0$

And quadratic formula for getting roots of quadratic equation is

$x=\frac{-b \pm \sqrt{b^{2}-4 a c}}{2 a}$

In our case b = 20, a = 1 and c = -15000

Calculating roots of the equation we get

$\begin{array}{l}{x=\frac{-(20) \pm \sqrt{(20)^{2}-4(1)(-15000)}}{2 \times 1}} \\\\ {x=\frac{-(20) \pm \sqrt{400+60000}}{2 \times 1}} \\\\ {x=\frac{-(20) \pm \sqrt{60400}}{2}} \\\\ {x=\frac{-(20) \pm 245.764}{2 \times 1}}\end{array}$

$\begin{array}{l}{=>x=\frac{-(20)+245.764}{2 \times 1} \text { or } x=\frac{-(20)-245.764}{2 \times 1}} \\\\ {=>x=\frac{225.764}{2} \text { or } x=\frac{-265.764}{2}} \\\\ {=>x=112.882 \text { or } x=-132.882}\end{array}$

As variable x represents width of the rectangular parking lot, it cannot be negative.

=> Width of the rectangular parking lot "x" = 112.882 feet

=> Length of the rectangular parking lot = x + 20 = 112.882 + 20 = 132.882

Hence can conclude that dimension of rectangular parking lot is width = 112.882 feet and length = 132.882 feet.

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