suppose walmart stok is selling at 59 dollars a share and mattel stock is selling at 28 a share. amy waller has a maximum of 6000 dollars to invest. she wishes to purchase four times as many shares of walmart as of mattel. only whole shares of stock can be purchase. a. how many shares of each will she purchase? how much money will be left over?

Question

suppose walmart stok is selling at 59 dollars a share and mattel stock is selling at 28 a share. amy waller has a maximum of 6000 dollars to invest. she wishes to purchase four times as many shares of walmart as of mattel. only whole shares of stock can be purchase.  a. how many shares of each will she purchase? how much money will be left over?

Reiny · Answer

number of mattel shares -- x
number of Walmart shares --- 4x

59(4x) + 28x < 6000
264x < 6000
x < 22.7

Since x must be a whole number
x = 22

so 22 Mattel shares and 88 Walmart shares

So how much is left of the 6000 ?