Question

An investor bought 400 shares of stock, some at $2.00 per share and some at $4.00 per share. If the total cost was $1350.00, how many shares of each stock did the investor buy? (round to two decimal places if necessary.)

Answer 1

Answer:

Let x be number of $2.00 share and y be number of $4.00 share:

2x+4y=1350 (1)

x+y=400 (2)

Solving (1) and (2) simultaneously yields the following results:

x=125, y=275

Hence the answer.

Hope it helps :)

Step-by-step explanation: