Question

janice wants to buy stock in a company. Each shara of stock costs 12 she must pay a one time fee of 50 to buy the stock if the tock if paid 530 how many shares of stock, s, did she buy

Answer 1

Let s be the number of shares. Each share costs \$12 and there is a one-time \$50 fee, so

12s + 50 = 530.

Subtract 50: 12s = 480. Divide by 12: s = 40.

Janice bought 40 shares.