Name _____________________________________________________________ Date ________________________
1-1 Business
Organization
Exercises
1. Avril invested $60,000 in a partnership with Lane, Jules, Ray, Ravi, and Petra. The total
investment of all partners was $320,000. What percent of the business does Avril own?
Name _____________________________________________________________ Date ________________________
or duplicated, or posted to a publicly accessible website, in whole or in part.
12. Clinton and Barbara are the partners in a local music shop. They needed $448,500 to start
the business. They invested in the ratio of 11:12.
a. How much money did each invest?
15. Fifty- ve and one-half percent of the shareholders in a fast food chain are under the age
of 40. If the corporation is owned by 86,000 investors, how many of the shareholders
are 40 and over?
16. The North Salem Stock Club owns x percent of the shares of a certain corporation. Each of
the 10 club members owns y shares of that stock. The corporation’s ownership is represented
by a total of S shares of stock. Express the number of shares of the corporation owned by
each club member.
17. A partnership owned by 25 partners is worth 5.4 million dollars. The partnership loses a
lawsuit worth 6.2 million dollars. How much of the settlement is each partner liable for
after the partnership is sold? Explain.
38,270
Partners are personally liable, so $800,000 needs to be paid in the lawsuit.
Each partner must pay $32,000.
y = xS
_____
1,000
a + b + c + d
or duplicated, or posted to a publicly accessible website, in whole or in part.
Name _____________________________________________________________ Date ________________________
or duplicated, or posted to a publicly accessible website, in whole or in part.
Use the candlestick chart to answer the exercises below.
7. On which days were
opening prices higher
than the closing prices?
29.2
Nickolai Corp. 29.3
15.55
15.6
15.65
15.7
15.75
0
20 M
40 M
60 M
80 M
14 15 16 17 18
or duplicated, or posted to a publicly accessible website, in whole or in part.
or duplicated, or posted to a publicly accessible website, in whole or in part.
Name _____________________________________________________________ Date ________________________
Exercises
Stock Transactions
1-6
1. Five years ago, Julianne purchased stock for $9,433. Yesterday, she sold the stock for $10,219.
What was her gross capital gain?
w
Name _____________________________________________________________ Date ________________________
or duplicated, or posted to a publicly accessible website, in whole or in part.
11. Bill purchased shares of Apple for a dollars per share. He plans to sell them as soon as the
price rises 20%. Express the price he will sell his shares at algebraically.
12. Maria purchased 1,000 shares of stock for $65.50 per share in 2003. She sold them in 2010 for
$55.10 per share. Express her loss as a percent of the purchase price, rounded to the nearest
tenth of a percent.
13. Allen purchased shares of stock for x dollars in 2010. He sold them weeks later for y dollars
per share. Express his capital gain as a percent of the purchase price.
14. Anna bought 350 shares of stock for p dollars per share. She sold them last week for s dollars
per share. Express her capital gain algebraically in terms of p and s.
15. Max bought x shares of stock for y dollars per share. His broker told him to sell them when
they earn a p percent capital gain. Express the total selling price of the shares algebraically.
16. Donnie bought x shares of stock for y dollars per share years ago. His stock rose in price,
and eventually hit a price that would earn him a 137% capital gain. He decided to sell
75% of his x shares.
a. Represent 75% of the x shares algebraically.
b. Represent the capital gain earned on each of the shares that were sold algebraically.
c. Represent the capital gain earned on all of the shares that were sold algebraically.
d. Represent the total value of the shares that were sold algebraically.
e. Years later, the company stock falls to it lowest price of $3 per share. Donnie sells the rest
of his shares. Write an expression for the total selling price of all the shares sold at $3.
17. Fill in the missing purchase prices and selling prices for stock trades in the table.
Number
of Shares
Purchase Price
per Share
Selling Price
per Share
Capital Gain
or Loss
Percent Gain or Loss
(nearest tenth of a percent)
1. 2 a
350s – 350p
15.9%
1.37y
0.75x
(y – x)100
_______
x
xy +
pxy
___
100
3(0.25x) = 0.75x
2.0275xy
(1.37y)(0.75x) = 1.0275xy
Name _____________________________________________________________ Date ________________________
or duplicated, or posted to a publicly accessible website, in whole or in part.
7. Adam purchased stock several years ago for x dollars and had to pay a 1.5% broker fee.
He sold that stock last month for y dollars and paid a discount broker $15 for the sale.
Express his net proceeds algebraically.
8. Steven purchases x dollars worth of stock on his broker’s advice and pays his broker a at
$12 broker fee. The value of the shares falls to f dollars months later, and Steven uses a broker
who charges 1% commission to make the sale. Express his net proceeds algebraically.
9. Rich bought 20,000 dollars worth of stock and paid a y percent commission. Dan purchased
17,000 dollars worth of stock and paid a q percent commission. Find values of y and q, where
y and q are each less than 3, such that Rich’s commission is less than Dan’s.
10. If you bought 600 shares of stock for $41 per share, paid a 1% commission, and
then sold them six months later for $41.75 per share, with a $30 at fee, are your
net proceeds positive or negative? Explain.
11. Mr. Wankel bought x shares of stock for y dollars per share last month. He paid his broker
a at fee of $14. He sold the stock this month for p dollars per share, and paid his broker a
2% commission. Express his net proceeds algebraically.
12. Michelle Miranda Investing charges their customers a 1% commission. The Halloran Group,
a discount broker, charges $13.75 per trade. For what amount of stock would Miranda
charge double the commission of Halloran?
13. CoronaCorp, a discount broker, charges their customers x dollars per trade. The Sclair Bear &
Bull House charges a 1.5% commission. For what value of stock would both brokers charge
the same commission? Express your answer algebraically.
14. Mrs. Cowley purchases $32,000 worth of stock on her broker’s advice and pays her broker
a 0.75% broker fee. She is forced to sell it when it falls to $25,100 two years later, and uses
a discount broker who charges $17 per trade. Compute her net loss after the broker fees
are taken out.
15. Sal bought x shares of a stock that sold for $31.50 per share. He paid a 1% commission on
the sale. The total cost of his investment, including the broker fee, was $5,726.70. How many
shares did he purchase?
16. Mrs. Didamo purchased stock years ago for d dollars and had to pay a at $20 broker fee.
The price dropped but she needed money for college so she sold it at a loss, for x dollars,
plus a 1% broker fee. Express her net loss algebraically.
Answers vary.
(xp – 0.02xp) – (xy + 14)
Positive; the cost of the stock was $24,600 + $246 fee. The stock sold for
$25,050. The amount earned covers the $30 fee. Net proceeds = $174
$2,750
x
____
0.015
180
–$7,157
0.99x – (d + 20)
0.99f – (x + 12)
Name _____________________________________________________________ Date ________________________
or duplicated, or posted to a publicly accessible website, in whole or in part.
9. Yesterday, Tenser Inc. executed a 2-for-1 split. Jamie was holding 500 shares of the stock
before the split and each was worth $34.12.
a. What was the total value of her shares before the split?
or duplicated, or posted to a publicly accessible website, in whole or in part.