Question

Brad Harrington bought 31 shares of one stock for $9 3/4 per share and 26 shares of another stock for $11 5/8 per share. How much did he pay?

Answer 1

$604.50

Explanation:

You want to know the total paid for 31 shares at $9 3/4 and 26 shares at $11 5/8.

Total paid

The total paid is computed the same as for any other purchase. It is the sum of the products of quantity and price each.

total = (31)(9 3/4) +(26)(11 5/8) = 604.50

Harrington paid $604.50 for the stock.