Question

Vu Nguyen purchased x shares of Baron Electric stock at $30 per share. He sold all the stock for $12 per share and suffered a losss of $360. How many shares of stock did Vu purchase?

Answer 1

20 shares.

Explanation:

Starting price paid = 30 * x

Ending price received = 12 * x

Loss = 360

Difference = 30x - 12x = 360

Equation

30x - 12x = 360 Combine the terms on the left

18x = 360 Divide by 18

18x/18 = 360/18 Do the division

x = 20 << Answer

He bought 20 shares of the company originally.