Question
Stock in a company is selling for $113/4 per share. If someone purchases $893 worth of stock in this company, how many shares did they get? please explain
Answers
MathMate
If beef costs $10 a pound, how many pounds can I get for $120?
You divide the amount ($120) by the unit price ($10) to get $120/$10=12 pounds.
Shares cost $11.75 a share. How many shares can you get for $893?
You divide the amount ($120) by the unit price ($10) to get $120/$10=12 pounds.
Shares cost $11.75 a share. How many shares can you get for $893?