Question

for a project in statistics class a pair of students decided to invest in two companies one that produced software and one that does biotechnology research Joe purchase 58 shares in the software company and 21 shares in the biotech firm which cost a total of $1,793 while Dave bought with ,$1848, 18, shares in the software company and 30 shares in the biotech firm. how much did each share cost

Answer 1

Price of a software company share = $11

Price of a biotech firm share = $55

Step-by-step explanation

Let the cost of a share with the software company be s dollars

Let the cost of a share with the biotech research be b dollars.

Joe bought 58 software company shares and 21 biotech firm shares for $1793

58s + 21b = 1793

Dave bought 18 software company shares and 30 biotech firm shares for $1848

18s + 30b = 1848

The two equations can then be written together and solved simultaneously

58s + 21b = 1793

18s + 30b = 1848

Solving this simultaneously, we obtain

s = $11

b = $55

Hope this Helps!!!