Answer:
The value of the shares Samantha owns is $3,010
Step-by-step explanation:
Step 1
We add all the shares together and find out the cost of each share per dollar
Samantha owns 70 shares, Nyla owns 50 shares, and Jerry owns 40 shares.
Total amount of shares = (70 + 50 + 40) shares
= 160 shares
Step 2
The cost of share per dollar =
Values of shares/ Total number of shares
= $6,880/160 shares
= $43
1 share = $43
Step 3
The value of the shares Samantha owns is calculated as:
Number of shares Samantha owns × cost of share per dollar
Samantha owns 70 shares
Hence:
= 70 × $43
= $3010
The value of the shares Samantha owns is $3,010
