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12 Apr 2026, 08:27
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
31% (03:22) correct
69%
(02:45)
wrong
based on 85
sessions
History
Date
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Not Attempted Yet
Annalise invested the same amount of money on each of three days to purchase shares for $3.00, $4.00, and $x per share, respectively. She then sold all the shares for $4.60 per share. If her profit was 15 percent of her total investment, what is the value of x?
A) 4.00
B) 4.50
C) 5.00
D) 5.50
E) 6.00
A) 4.00
B) 4.50
C) 5.00
D) 5.50
E) 6.00
12 Apr 2026, 21:15
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Hi kevincan
Could you please post the explanation for this question? I don't understand how the answer is 6. It should be 5.
Revenue = 3n*4.6
Cost = 3*n + 4*n + x*n
Profit = 13.8*n - 7*n - x*n = 6.8*n - x*n
Profit % = 0.15 = (6.8*n - x*n)/(7*n + x*n)
Solving, x = 5.00
Could you please post the explanation for this question? I don't understand how the answer is 6. It should be 5.
Revenue = 3n*4.6
Cost = 3*n + 4*n + x*n
Profit = 13.8*n - 7*n - x*n = 6.8*n - x*n
Profit % = 0.15 = (6.8*n - x*n)/(7*n + x*n)
Solving, x = 5.00
kevincan
12 Apr 2026, 22:14
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You made a mistake with the variables used.
The question says, equal AMOUNTS, not equal SHARES.
The amounts spent each day is like 3a,4b,xc where 3a=4b=xc.
The right equation is:
4.6(a+b+c) = 1.15(3a+4b+xc)
Also using:
3a=4b=xc
You will get x=6.
Hope it helps.
The question says, equal AMOUNTS, not equal SHARES.
The amounts spent each day is like 3a,4b,xc where 3a=4b=xc.
The right equation is:
4.6(a+b+c) = 1.15(3a+4b+xc)
Also using:
3a=4b=xc
You will get x=6.
Hope it helps.
agrasan
