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28 December, 19:31

on the stock exchange, 100 shares of pizzazz corp. stock are selling $425. how many shares can be purchased for $1000?

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  1. 28 December, 19:43
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    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.
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