Answer to Question #244427 in Financial Math for Katie

Question

Jennifer bought j shares of Keester's Koverups for ndollars last year. Her stock rose in price and eventually would earn her 120% capital gain. She decided to sell half of her shares. Represent half of the j shares algebraically.

a. 1.20j b. 0.5n c. 0.5j d. 120j

Answer 1

No of Purchased share j

Cost Of Purchase is n

Capital gain is 120%

Shares sold are 1/2 the original no of shares.

Therefore capital gain doesn't affect the number of shares sold.

$1/2*j = 0.5j$

C= 0.5j