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. The closing price of the fast food restaurant stock was ​$27 more per share than the closing price of the toy company stock on that day.

What was the closing price of each stock on that​ day?

The price per share of the fast food restaurant stock is $____

The price per share of the toy company stock is $____

  1. 👍 0
  2. 👎 0
  3. 👁 902
  1. I think I got it, if someone wants to check it for me?

    Fast food was $34.50
    Toy company was $7.50

    1. 👍 0
    2. 👎 0
  2. 42(x+27)+66x = 1944
    you are correct

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    A man owned 75 shares of stock worth $50 each. The corporation declared a dividend of 8%, payable stock. how many shares did he then own?

  2. math

    Sally owns 145 shares of stock in a property management company. The current price of the stock is $42.17 per share. If the price of the stock decreases to $35.94 in the next month, how much did the value of Sally's shares

  3. math

    Tamara owns 595 shares of stock in a home appliance company. The value of the stocks is $12.75 per share. The company offers a 5:1 stock split. How many shares does Tamara own of the company after the stock split?

  4. ACCOUNTING

    On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5,000 shares of $50 par preferred stock were issued at $104. On April 20, 5,000 shares of common stock were issued in exchange for land. The

  1. 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

  2. mathematics

    Oaktree Transportation Corporation has 75,000 shares of stock outstanding. What would the dividend per share of stock be from a dividend declaration of $102,750? How many shares of stock does Jody Nichols hold if her share of the

  3. math

    Tamara owns 595 shares of stock in a home appliance company. The value of the stocks is $12.75 per share. The company offers a 5:1 stock split. How many shares does Tamara own of the company after the stock split? Can someone help

  4. Federal Tax II

    Perry organized Cardinal Corporation 10 years ago by contributing property worth $2 million, basis of $450,000 for 2,500 shares of stock in Cardinal, representing 100% of the stock in the corporation. Perry later gave each of his

  1. Consumer Math- HELP

    1. Fred salmon purchased six 1,000 bonds at 92. The bonds pay 6.5% What was the cost of the bonds? What was the total annual interest? What is the yield (to the nearest percent)? 2. John Tucker is interested in purchasing stock.

  2. Finance

    An investor buys 100 shares of a $40 stock that pays an annual cash dividend of $2 a share (a 5 percent dividend yield) and signs up for the dividend reinvestment plan. A. If neither the dividend nor the price changes, how many

  3. just for knowledge

    How much do my shares worth if Authorized capital 60,000 shares and I own 500 shares at $1.00 par value. Thank You

  4. accounts

    Ex 11.5 The year-end balance sheet of Jackson Products, INC., includes the following stockholders' equity section (with certain details ommited): Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par

You can view more similar questions or ask a new question.