Norman and suzanne own 42 shares of a fast food restaurant stock and 60 shares of a toy company stock. at the close of the markets on a particular day in 2004, their stock portfolio consisting of these two stocks was worth $1719.00. the closing price of the fast food restaurant stock was $30 more per share than the closing price of the toy company stock on that day. what was the closing price of each stock on that day?

Restaurant: $34.50; Toy Company: $4.50

Step-by-step explanation:

Let's represent the situation mathematically.  I will use "r" for the restaurant stock price and "t" for the toy company stock price.

represents the value of their stock portfolio.

represents that the restaurant stock was worth $30 more than the toy company stock.

We need to multiply the second equation by 60 to balance the terms out.  This gets us .

Now, you can combine the like terms in these equations to get , which can be simplified further to .

Now you need to divide both sides by 102 to remove the coefficient, getting you .  This means that the price of the restaurant stock was $34.50.

To find the toy company stock price, subtract $30 from the restaurant stock price, because the restaurant stock is worth $30 more than the toy company stock.  This gets you $4.50.

step-by-step explanation:

. your answer will contain x - and y -terms. (1 point) x ( ¿¿ 2 − 7 ) 2 +( y 2 − 9 ) 2 √ ¿ 12. what is the distance from the directrix (the crocodile river) to the point ( x , y )? write this equation. your answer will contain a y -term.

step-by-step explanation:

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