Answer:
235.29 shares can be purchased for $1000.
Step-by-step explanation:
As
- On the stock exchange, 100 shares of pizzazz corp. stock are selling $425
We have to determine how many shares can be purchased for $1000?
The price of 100 shares = $425
The price of 1 share = 425/100 = $4.25
Now, It is very easy to calculate the number of shares can be purchased for $1000.
All you have to do is to divide by 1000 by 4.25.
i.e. 1000/4.25 = 235.29 shares
Therefore, 235.29 shares can be purchased for $1000.
