Write “$4,915 for 72 shares of stock” as a unit rate. Round to the nearest hundredth if necessary
4915/72 =
To express "$4,915 for 72 shares of stock" as a unit rate, we divide the total cost by the number of shares.
Unit rate = Total cost / Number of shares
Unit rate = $4,915 / 72
Calculating this, we get approximately $68.26 per share. Rounding to the nearest hundredth, the unit rate is $68.26.