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Norman and Suzanne own 35 shares of a fast food restaurant stock and 63 shares of a toy company stock. At the close of the markets on a particular day in​ 2004, their stock portfolio consisting of these two stocks was worth ​$1596.00. The closing price of the fast food restaurant stock was ​$19 more per share than the closing price of the toy company stock on that day. What was the closing price of each stock on that​ day? The price per share of the fast food restaurant stock is ​

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reinhard10158

Answer:

closing price of the fast food stock was $997.50

closing price of the toy company stock was $598.50

the price per fast food share was $28.50

Step-by-step explanation:

x = price per share fast food

y = price per share toy company

35x + 63y = 1596

x = y + 19

=>

35(y+19) + 63y = 1596

35y + 665 + 63y = 1596

98y + 665 = 1596

98y = 931

y = $9.50

=>

x = 9.5 + 19 = $28.50

the value of the whole fast food stock was

35x = 35×28.5 = $997.50

the cake if the whole toy company stock was

63y = 63×9.5 = $598.50

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