Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the same?

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Abanoub asked Jun 28, 2022

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Alan purchased 16 shares of company stock for $390.40. A month later, the total value of his shares fell to $291.20. What is the current price per share if each share costs the same?

Mathematics
high-school

Abanoub asked Jun 28, 2022

by Abanoub

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24 votes

Answer:

$18.00

Explanation:

390.40/16 = 24.40

291.20 - 390.40 = 99.20

99.20/16 = 6.20

24.20 - 6.20 = $18.00

Clueless User answered Jul 4, 2022

by Clueless User

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