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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Mathematics

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31 January, 22:43

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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Teresa Bentley · Answer 1

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