# stock problem

• Feb 21st 2009, 11:00 AM
tkkjayne
stock problem
Here is the division of stock that Zach and Clint agreed upon.
Total Shares: 1,250
Total value of shares: \$35,890

Zach recieved his amount of shares that were valued at \$29.70 each. (Use X to represent the number of Shares he recieved.)

Clint recieved his amount of shares that were valued at \$27.80 each. (Use 1,250 - X to represent the number of shares Clint Received.)

* How many shares did each recieve?
* What is the total value of Zach's shares?
* What is the total value of Clint's Shares?
• Feb 22nd 2009, 03:02 PM
Knowledge
$29.70x+27.80(1250-x)=35890$

$29.70x+34750-27.80x=35890$

$1.9x+34750=35890$

$1.9x=1140$

$x=600$

Zach received 600 shares valued at \$17,820

$29.70*600=17820$

$1250-600=650$

Clint received 650 shares valued at \$18,070

$27.80*650=18070$