Solved

Mary Jo Spends $1,450 to Buy Stock in Two Companies

Question 67

Multiple Choice

Mary Jo spends $1,450 to buy stock in two companies. She pays $11 a share to one of the companies and $17 a share to the other. If she ends up with a total of 110 shares, how many shares did she buy at $11 a share and how many did she buy at $17 a share?


A) 50 at $11 and 60 at $17
B) 70 at $11 and 40 at $17
C) 75 at $11 and 35 at $17
D) 65 at $11 and 45 at $17
E) 90 at $11 and 20 at $17

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions