Mr. and Mrs. Delgado each own an equal number of shares of a stock.Mr. Delgado sells one-third of his shares for $2700. What was the value of Mr. and Mrs.Gelgados stock before the sale?

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01-09-2017
Mathematics

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Mr. and Mrs. Delgado each own an equal number of shares of a stock.Mr. Delgado sells one-third of his shares for $2700. What was the value of Mr. and Mrs.Gelgados stock before the sale?

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APAgony APAgony · Answer 1 · 2017-09-01T23:17:58+02:00

APAgony APAgony

01-09-2017

3x2700=Just Mr. Delgado's shares' value= $8100

Since they own an equal number of shares, their total value of stock before the sale is two times what each of them has separately.

$8100 x 2=value of their stock= $16200

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