Stock market grade 9 math question need verification.?

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Stock market grade 9 math question need verification.?

The value of an Inco share changed by -0.45 one day. If Lisa's Inco shares decreased in value by $189 that day, how many Inco shares did she have?

2007-03-10 12:47:22 · 3 answers · asked by Janan A 1 in Science & Mathematics ➔ Mathematics

Thanks I understand now.

2007-03-10 13:14:19 · update #1

3 answers

Principle: Price change per share x number of shares= Dollar change
Price change per share= - $0.45
Dollar change= $ 189
Solve for number of shares (420)

2007-03-10 12:52:57 · answer #1 · answered by cattbarf 7 · 0⤊ 0⤋

Divide the change in value by the change per share.

Dollars / ( dollars / share) = # of shares.

2007-03-10 12:51:23 · answer #2 · answered by morningfoxnorth 6 · 0⤊ 0⤋

(-$189)/(-$0.45/share)= 420 shares

2007-03-10 12:53:03 · answer #3 · answered by jaybee 4 · 0⤊ 0⤋