If x = # of $16 shares
y = # of $11 shares
Then
x + y = 150
16x + 11y = 2050
Solving these together, you find that x = 80
y = 70
Rebecca Y.
asked 07/14/20Mary Jo spends $2,050 to buy stock in two companies. She pays $16 a share to one of the companies and $11 a share to the other. If she ends up with a total of 150 shares, how many shares did she buy at $16 a share and how many did she buy at $11 a share?
If x = # of $16 shares
y = # of $11 shares
Then
x + y = 150
16x + 11y = 2050
Solving these together, you find that x = 80
y = 70
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