Question

Juan's grandmother left him 40 shares of Stock A and 150 shares of Stock B. How

much will he get if stock A sells for $225 a share and stock B sells for $27.25 a share?

Answer 1

$13,087.50

Explanation:

The sale of the 40 shares of stock A at $225 per share will get Juan ...

40 · $225 = $9000

The sale of the 150 shares of stock B at $27.25 per share will get Juan ...

150 · $27.25 = $4087.50

So, the total Juan will receive from the sale of the stocks will be ...

$9000.00 +4087.50 = $13,087.50