Lawrence drives the same distance monday through Friday commuting to and from work. Last week Lawrence drove 25 miles on the wee
2 answers:
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Answer:
The value of each share decreased by $8.
Step-by-step explanation:
Number of shares of a certain stock Linda owned = 4
Total value of shares went down by = $32
So find the change in value of each share.
Solution:
Let the total value of each share in dollars be =
Value of 4 shares in dollars will be =
The total value of shares went down by $32
So, new value of 4 shares =
New value of each share =
⇒
Splitting the denominators.
⇒
⇒
Original value of each share in dollars was =
New value of each share in dollars =
Thus, we can see that the value of each share decreased by $8.