Question

Mr.jones bought a share of a stock at the cost of x dollars. This year his stock is 17 dollars,which is five more than triple the original price.how much did mr.jones pay for the stock originally?
Ms. Sue
3x + 5 = 17

3x = 12

x = 4

Related Questions

Jones Distributing Corp. can sell common stock for $27 per share and its investors require a 17% ret... The stock that Mr. Ames bought cost him $80 a share. The par value of the stock is $100. If the stoc... Sophie bought stock in a company two years ago that was worth xx dollars. During the first year that... Caroline bought stock in a company two years ago that was worth xx dollars. During the first year th...