What was the total value of Mr. And Mrs. Delgado's stock before the sale?g

Question

Mr. And Mrs. Delgado each own an equal numbers of shares of a stock. Mr. Delgado sells one-third of his shares for $2700.

Answer 1

If Mr Delgado sold 1/3 of his shares of $2,700, then the value of his stock before the sale was

2700 x 3 = $8,100  

 

Since Mr Delgado and Mrs Delgado each owned the same amount of stock before the sale, then the total value of their combined shares before the sale was.

8100 x 2 = $16,200  

 

Hope this helps.