Question

When Amalgamated Steel faced bankruptcy, its employees rescued the company by collectively purchasing it. The 163,122 shares of stock were distributed equally among the employees. Amalgamated's five plants employ 753, 318, 904, 221, and 435 workers, respectively. What is the number of shares each employee received?

a) 142 shares
b) 115 shares
c) 78 shares
d) 93 shares

Answer 1

Each employee received approximately 62 shares.

Step-by-step explanation:

In this case, the total number of shares is 163,122 and the shares are distributed equally among the employees. To determine the number of shares each employee received, we need to divide the total number of shares by the total number of employees. Adding up the number of employees in all five plants, we get a total of 753 + 318 + 904 + 221 + 435 = 2631 employees. Dividing 163,122 by 2631 gives us approximately 62 shares per employee. Therefore, the correct answer is option E: none of the provided options.