During one day of trading in the stock market, and investor lost $2500 on one stock, but gained $1700 on another. At the end of trading that day, the investor's holdings in those tow stocks were worth $52,400. What were they worth when the market opened that day?

ngombangouh

ngombangouh

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2022-08-31

During one day of trading in the stock market, and investor lost $2500 on one stock, but gained $1700 on another. At the end of trading that day, the investor's holdings in those tow stocks were worth $52,400. What were they worth when the market opened that day?

Answer & Explanation

Helena Ward

Helena Ward

Beginner2022-09-01Added 11 answers

let , the shares are worth $ X when the market opened.
given that, the investor lost $ 2500 on one stock and gained $ 1700 on other. And at the end of the day,investor's holdings in those tow stocks were worth $ 52,400.
so according to the question we can form an equation in X like :-
X - 2500 + 1700= 52400
=> X - 800 = 52400
=> X = 52400 + 800
=53200
Answer:- the shares are worth $ 53200 when the market opened that day.
bu1tu2t1zt

bu1tu2t1zt

Beginner2022-09-02Added 2 answers

stock one x
stock two y
after the lost and gain they add to 52400
x-2500 + y + 1700 = 52400
x + y = 53200
now the problem is that more information is needed to find each variable, for now your answers are:
x=53200-y
and
y=53200 - x

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