27
QuizMath Formula

Quadratic Functions and Equations in Financial Context — Quiz

Question 27 • Financial Math

A shares transaction summary shows a total cost of $⁢2,400 before fees. If the share price had been $⁢2 cheaper, the investor could have purchased 200 more shares. Simplify and factor the equation (2,400)/(x−2)−(2,400)/(x)=200 to find the price per share of the stock. Round to the nearest hundredth if necessary.

Answer

Math Formula Answer:

13.75

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