on the stock exchange, 100 shares of pizzazz corp. stock are selling $425. how many shares can be purchased for $1000?

235.29 shares can be purchased for $1000.

Step-by-step explanation:

As

On the stock exchange, 100 shares of pizzazz corp. stock are selling $425

We have to determine how many shares can be purchased for $1000?

The price of 100 shares = $425

The price of 1 share = 425/100 = $4.25

Now, It is very easy to calculate the number of shares can be purchased for $1000.

All you have to do is to divide by 1000 by 4.25.

i. e. 1000/4.25 = 235.29 shares

Therefore, 235.29 shares can be purchased for $1000.