In the stock market, shares of a company's common stock were trading at $3.55 per share. How many shares could have been bought for 3550

Question

Can't figure this out please help

Answer 1

The problem you are working is 3550 divided by $3.55.

 

To divide by a decimal, you move the decimal to the right until it's a whole number. So you will move the decimal to the right two spaces.To make this 'fair' or 'equal', you have to move the decimal of the other number to the right two spaces.

 

So you take 3.55 and change it to 355. You take 3550 [also can be written as 3550.00] and change it to 355,000

 

355,000 divided by 355 is 1000.

 

Khan Academy is a great resource for videos on basic calculations. Here's a link to one on dividing with decimals to the hundredths place. https://www.khanacademy.org/math/pre-algebra/decimals-pre-alg/dividing-decimals-pre-alg/v/dividing-decimal

 

 

Let me know if I can be of further assistance!

Sherry