Question

Daniel invests a total of $5580 in the shares of XYZ company. If he has bought 60 shares, how much is each share worth?

Answer 1

5580/60

558/6

279/3

93

Each share is worth $93

Answer 2

cost of each share is $93

Explanation:

We have been given that Daniel invests a total of $5580 in 60 shares of XYZ company.

In order to find the cost of each share, we need to divide 5580 by 60.

Therefore, the cost of each share is given by

`(5580)/(60)\\\\=(558)/(6)\\\\=(186)/(2)\\\\=93`

Therefore, the cost of each share is $93