32(x + 32) + 72(x) = 1388
32x + 1,024 + 72x = 1388
104x = 1388 - 1024
104x = 364
x = 364/104
x = $3.50
x + 32 = $35.50
check math:
32(35.50) + 72(3.50) = 1,136 + 252 = $1,388
Norman and Suzanne own 32 shares of a fast food restaurant stock and 72 shares of a toy company stock. At the close of the markets on a particular day in 2004, their stock portfolio consisting of these two stocks was worth $1388.00. The closing price of the fast food restaurant stock was $32 more per share than the closing price of the toy company stock on that day. What was the closing price of each stock on that day?
