Question

PLEASE HELP ME. SOS EMERGENCY I REALLY NEED HELP PLEASE CIE shares are currently selling at $1.20 each, and OCR shares can be bought for $1.50 each. Margaret intended to sell $3600 worth of her CIE shares and buy OCR shares, but the instruction was misread as asking to sell 3600 shares. How many more OCR shares did she get than she was expecting? (Remember to show your work and explain) A 480 B 600 C 1080 D 1800

Answer 1

A)480 more of OCR shares

Explanation:

$3600×1.20=$4320

$4320÷$1.50=2880 OCR shares

$3600÷$1.50=2400 OCR shares

2880-2400=480 OCR shares