Question

Paul would like to spend $700 on a vacation. He will sell some of his stock to pay for the vacation. If the stock is worth $32 per share, how many shares will Paul need to sell?

Answer 1

Paul need to sell 22 shares for his vacation.

Explanation:

Paul would like to spend $700 on a vacation.

The value of each stock = $32

Paul needs for his vacation = $700

Paul needs to sell his stock of shares = 700 ÷ 32 = 21.875

Paul needs to sell approximately 22 shares to spend his vacations.

Answer 2

700/32 = 21.875

He'd have to sell approximately 22 shares to have enough to pay for his vacation.