With their fence in place, Zack and Clint set towork landscaping yards. Since Clint did the majority of the actuallandscaping and planting, he worked on the average more hours thanZack.
As the business prospered, the owners decidedto each take shares of stock rather than taking cash from thebusiness. They agreed on the stock split described here. You needto help them calculate some statistics about their business and tohelp them reconcile their bank account.
2. Here is the division of stockthat Clint and Zack agreed upon.
Total Shares:1,250
Total value of shares:$35,890
Zach received his amount of sharesthat were valued at $29.70 each. (Use X to represent the number ofshares he received.)Clint received his amount ofshares that were valued at $27.80 each. (Use 1,250 - X torepresent the number of shares Clint received.)
- How many shares did each receive?
- What is the total value of Zach's shares?
- What is the total value of Clint's shares?