Question

If you sell 175 shares of Michaels Flowers at $7.28 per share and 445 shares of Nanotech One at $10.80 per share, howmuch money will you receive, to the nearest dollar? Show work.

Answer 1

Let be "t" the total amount of money you will receive.

According to the information given in the exercise, you can sell each share of Michaels Flowers at $7.28. Since you sell 175 of them, you get:

`(7.28\text{ }dollars)(175)=1,274\text{ }dollars`

You also know that you can sell each share of Nanotech One at $10.80. Therefore, the amount of money you'll receive for these shares of Nanotech One, can be calculated by multiplying the price of one share by the 445 shares you will sell:

`(10.80\text{ }dollars)(445)=4,806\text{ }dollars`

Then, you can set up that:

`\begin{gathered} t=1,274\text{ }dollars+4,806\text{ }dollars \\ t=6,080\text{ }dollars \end{gathered}`

The answer is: $6,080