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5. Alissa Duerfeldt purchased a total of 376 shares stock this week. \( \frac{1}{8} \) of the shares purchased was stock i medical supplies, \( \frac{1}{2} \) of the shares purchased was stock a utility company, and \( \frac{3}{8} \) of the shares purchased w. stock in a pet food factory. What were the individu number of shares purchased in each of the thr stocks?

Ask by Wells Edwards. in the United States
Feb 25,2025

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Answer

Alissa purchased 47 shares in medical supplies, 188 shares in the utility company, and 141 shares in the pet food factory.

Solution

To find the individual number of shares purchased in each of the three stocks, we can set up an equation based on the total number of shares purchased and the fractions of shares purchased in each stock. Let's denote the number of shares purchased in medical supplies as \( M \), the number of shares purchased in the utility company as \( U \), and the number of shares purchased in the pet food factory as \( P \). Given that Alissa purchased a total of 376 shares, we can set up the following equation: \[ M + U + P = 376 \] We also know that: - \( \frac{1}{8} \) of the shares purchased was in medical supplies, so \( M = \frac{1}{8} \times 376 \) - \( \frac{1}{2} \) of the shares purchased was in the utility company, so \( U = \frac{1}{2} \times 376 \) - \( \frac{3}{8} \) of the shares purchased was in the pet food factory, so \( P = \frac{3}{8} \times 376 \) Now, we can substitute these values into the equation to find the individual number of shares purchased in each stock. Calculate the value by following steps: - step0: Calculate: \(376\times \frac{1}{8}+376\times \frac{1}{2}+376\times \frac{3}{8}\) - step1: Multiply the numbers: \(47+376\times \frac{1}{2}+376\times \frac{3}{8}\) - step2: Multiply the numbers: \(47+188+376\times \frac{3}{8}\) - step3: Multiply the numbers: \(47+188+141\) - step4: Add the numbers: \(376\) The individual number of shares purchased in each of the three stocks is: - Medical supplies: \( \frac{1}{8} \times 376 = 47 \) shares - Utility company: \( \frac{1}{2} \times 376 = 188 \) shares - Pet food factory: \( \frac{3}{8} \times 376 = 141 \) shares Therefore, Alissa purchased 47 shares in medical supplies, 188 shares in the utility company, and 141 shares in the pet food factory.

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Mind Expander

Alissa Duerfeldt made quite the investment this week! To break it down, first we calculate the shares from each category based on the fractions given. She bought \( \frac{1}{8} \) of her total in medical supplies: \( 376 \times \frac{1}{8} = 47 \) shares. For the utility company, it’s \( \frac{1}{2} \): \( 376 \times \frac{1}{2} = 188 \) shares. Lastly, the pet food factory, which is \( \frac{3}{8} \): \( 376 \times \frac{3}{8} = 141 \) shares. So, Alissa has 47 shares in medical supplies, 188 in utilities, and 141 in pet foods! Having a diverse portfolio like Alissa's is a savvy move! It not only spreads out the risk but allows her to venture into various industries. Stocks in medical supplies can be more stable during health crises, whereas utility stocks often provide dividends, and pet food companies tend to see steady demand. This blend can offer both growth potential and resilience in fluctuating markets, making it a smart strategy for both novice and seasoned investors!

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