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melamori03 [73]
3 years ago
11

Tim purchases 3,000 shares in company X at $2.49 per share. The company subsequently announces a profit warning, and the share p

rice drops to $2.24 per share. Wishing to minimise his losses, Tim decides to sell his shares. How much of a loss does Tim make? Give your answer in dollars to the nearest dollar
Mathematics
1 answer:
anygoal [31]3 years ago
3 0

Answer:

  $750

Step-by-step explanation:

Tim's share price changes by $2.24 -2.49 = -0.25, so the change in the value of his investment is ...

  (3000 shares)(-0.25/share) = -$750

Tim takes a loss of $750 when he sells.

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Answer:

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Step-by-step explanation:

Let's solve your equation step-by-step.

4(|7x+2|)=32

Step 1: Divide both sides by 4.

4(|7x+2|)/4 =32/4

|7x+2|=8

Step 2: Solve Absolute Value.

|7x+2|=8

We know either 7x+2=8 or 7x+2=−8

7x+2=8 (Possibility 1)

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7x/7 = 6/7

(Divide both sides by 7)

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7x+2=−8 (Possibility 2)

7x+2−2=−8−2 (Subtract 2 from both sides)

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(Divide both sides by 7)

x= −10/7

Answer:

x= 6/7 or x = −10/7

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