? Alyssa purchased 120 shares of ElecTeck stock for 1 1/4 dollars per share. She also purchased 200 shares of Apexal stock for 4/5 of a dollar per share. Question continues below

After six months, the value of ElecTech stock went up by 1 1/2 and Apexal lost 1/4 of its value. What was the total value of Alyssa's stock after six months?

1 Answer
Nityananda
Sep 26, 2017

After six months total value of stocks = 480 dollars.

Explanation:

After six months, value of ElecTeck stock is 1 1/4 + 1 1/2 = 5/4 + 3/2 = 11/4 dollars per share. Hence value of 120 shares = 120 x 11/4 = 330 dollars.

And value of Apexal stock is 4/5 - 1/4 = 15/20 dollars per share. Hence value of 200 shares = 200 x 15/20 = 150 dollars.

Thereby total value of stocks = 330 + 150 = 480 dollars.

Related questions
Impact of this question
1722 views around the world
You can reuse this answer
Creative Commons License