Let’s solve for “a” and “s”.
a = 927 - 45s
a = 792 - 36s
927 - 45s = 792 - 36s
927 - 792 = 45s - 36s
135 = 9s
s = 15
a = 927 - (45 x 15) = 252
X=25 ...... ................
The answer would be D) 98.8% because if the initial price is $25 per share, then Gavin would have spent $12,500. None of the other answers make sense since if it was just 3% or 82.3%, then it would be too much to equal $150 in return. If you were to put C, then the shares would equal $4.43 each, and If you bought 500 shares, then it would equal $2,212.5 which would be way more than $150. In the other hand, D is correct because then only 1 share would equal $0.3 and that multiplied by 500 equals precisely $150.
Hope this helps!
Hi! :) 19.7 - 6.8 is 12.9. If you need anymore help, ask me!
I would answer, but you didn't give any options.
