Paul would like to spend $700 on a vacation. he will sell some of his stock to pay for the vacation.
6 answers
Question:
Paul would like to spend $700 on a vacation. he will sell some of his stock to pay for the vacation. if the stock is worth $32 per share, how many shares will paul need to sell? 21 shares 700 shares 22 shares 32 shares
Answers
700/32=21.875
22 shares
The correct answer is 22 shares
700 divide by 32 = 21.875
700/32 = 21.875
He'd have to sell approximately 22 shares to have enough to pay for his vacation.
Paul need to sell 22 shares for his vacation.
Step-by-step explanation:
Paul would like to spend $700 on a vacation.
The value of each stock = $32
Paul needs for his vacation = $700
Paul needs to sell his stock of shares = 700 ÷ 32 = 21.875
Paul needs to sell approximately 22 shares to spend his vacations.
At least 22 shares should be sold
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