Question

John has different types of stocks. He has the same number of Google stocks, trading at $4 a stock, Apple stocks, trading at $10 a stock and Toyota stocks trading at $3 a stock. If he has a total net worth of $1,207 in stocks, how many stocks does he have in total?

Answer 1

Answer:

71 total

Step-by-step explanation:

Well first of all I wish I was John. I wish I could buy all 3 of those companies at such low prices.

1.)  First you take the prices of the stocks he owns and add them up together.

$10+4+$3=17

2.)  Then you have to take the total DOLLAR ($$$$$$)  AMOUNT and divide it by the Total you got in the previous step ($17) .

$(1207) / ($17)= 71 (shares*)

*Never refer to it as stocks its shares  ----  The stock is the company  ---- The amount in which he owns is reffered to as shares.

Answer 2

$4x + 10x + 3x = 1207 \\ 17x = 1207 \\ x = 71$
He has 71 stocks in total.

Hope this helps. - M