From November to December of 2015, the price per share of BP Oil dropped from $88.25 to $55.75. Exxon shares also dropped from $99.75 to $63.25. In November, your rich cousin invested $149,708 into a combination of BP and Exxon shares. By December they sold their shares for $94,792 losing $54,916 from their investment. How many of each stock did they purchase?
From November to December of 2015, the price per share of BP Oil dropped from $88.25 to $55.75. Exxon shares also dropped from $99.75 to $63.25. In November, your rich cousin invested $149,708 into a combination of BP and Exxon shares. By December they sold their shares for $94,792 losing $54,916 from their investment. How many of each stock did they purchase?
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
Problem 9P
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From November to December of 2015, the price per share of BP Oil dropped from $88.25 to $55.75. Exxon shares also dropped from $99.75 to $63.25.
In November, your rich cousin invested $149,708 into a combination of BP and Exxon shares. By December they sold their shares for $94,792 losing $54,916 from their investment.
How many of each stock did they purchase?
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