# math

posted by .

Stock in a company is selling for \$113/4 per share. If someone purchases \$893 worth of stock in this company, how many shares did they get? please explain

• math -

If beef costs \$10 a pound, how many pounds can I get for \$120?
You divide the amount (\$120) by the unit price (\$10) to get \$120/\$10=12 pounds.

Shares cost \$11.75 a share. How many shares can you get for \$893?

## Similar Questions

1. ### math 156

Stock in a company is selling for \$11 3/4 per share. if some one purchases \$893 worth stock in this company, how many shares did they get?
2. ### accounting

Jones Company is authorized to issue 20,000 shares of no-par, \$5 stated-value common stock and 5,000 shares of 9%, 100 par preferred stock. It enters into the following transaction: 1. Accepts a subscription contract to 7,000 shares …
3. ### Algebra 2

Tracey is contemplating the purchase of 100 shares of a stock selling for 15 per share. The stock pays no dividends. Her broker says that the stock will be worth 20 per share in 2 years. What is the annual rate of return on this investment?
4. ### Math

Michael purchased a certain number of share of one stock for a total of \$2800. The second stock was selling for \$6 less per share . Michael could have bought 6 more shares of the second stock for the same amount of money. How many …
5. ### Math

Michael purchased a certain number of share of one stock for a total of \$2800. The second stock was selling for \$6 less per share . Michael could have bought 6 more shares of the second stock for the same amount of money. How many …
6. ### math

A woman owns stock in two companies, company A and company B. She owns 79 shares of stock in company A. Each share of stock in company A is worth \$12. Each share of stock in company B is worth \$19. Write three equations to represent …
7. ### Finance

The following balance sheet extract relates to the Allied Insurance Company Bonds Payable \$1,000,000 Preferred Stock \$2,000,000 Common Stock \$3,000,000 Additional Information: 1. The bonds are 8%, annual coupon bonds, with 9 years …
8. ### Math

Michael purchased a certain number of share of one stock for a total of \$308. The second stock was selling for \$3 less per share . Michael could have bought 6 more shares of the second stock for the same amount of money. How many shares …
9. ### Finance

10. The following balance sheet extract relates to the ABC Company. Bonds Payable \$1,600,000 Common Stock \$5,000,000 Preferred Shares \$2,550,000 Additional Information: i. The bonds are 8%, annual coupon bonds, with 9 years to maturity …
10. ### Algebra

Norman and Suzanne own 42 shares of a fast food restaurant stock and 66 shares of a toy company stock. At the close of the markets on a particular day in​ 2004, their stock portfolio consisting of these two stocks was worth ​\$1944.00. …

More Similar Questions