Live fund are selling their holding at $5,000 per share. how much would live fund receive it they sold half thier holding in marks brothers?

Live Fund receive it they sold half thier holding in Marks Brothers.

Solution:

Given: Sale price of Live Fund holding = 5000 dollar

To find: Amount that Live Fund will get if they sell half of their holding in Marks Brothers.

Assume the total number of shares held by Live Fund in Marks Brothers as A

Therfore, half the holdings (or half the number of shares) of Live Fund will be .

Thus, if each share is valued at , then the total value of the number of shares sold will be as follows,

Hence, Live Fund will receive

5=812a+9+3

step 1: simplify both sides of the equation.

5=812a+9+3

5=(812a)+(9+3)(combine like terms)

5=812a+12

5=812a+12

step 2: flip the equation.

812a+12=5

step 3: subtract 12 from both sides.

812a+12−12=5−12

812a=−7

step 4: divide both sides by 812.

812a /812 = -7/812

a= -1/116

so the answer is

a=   -1/116