Joe Dough buys $300 worth of ABC mutual fund every month. In June Joe pays $30 per share, in July he pays $25 per share and in August he pays $50 per share. How many shares of ABC mutual fund will Joe have at the end of August?

Question

Quizplus · Accepted Answer

In June, Joe buys $300 / $30 = 10 shares. In July, he buys $300 / $25 = 12 shares. In August, he buys $300 / $50 = 6 shares. Total shares = 10 + 12 + 6 = 28 shares.

Joe Dough Buys $300 Worth of ABC Mutual Fund Every