If a company has 245 shares of common stock and 275,000.00 to be distributed to its holder, how much would each share receive?
1 answer:
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First, simplify
Second, simplify
Third, multiply both sides by 12 (the LCM of 3 and 4) / Your problem should look like:
Fourth, subtract 2 from both sides. / Your problem should look like:
Fifth, simplify -9x + 12 - 2 to -9x + 10. / Your problem should look like:
Sixth, add 9x to both sides. / Your problem should look like:
Seventh, add 8x + 9x to get 17x. / Your problem should look like:
Eighth, divide both sides by 17. / Your problem should look like:
Answer as fraction: x =
Answer as decimal: x = 0.5882