(a) ABC shares cost £20.02 each. How much do 18 cost?
(b) The shares rise in price to £21.00. How many whole shares can Jo buy for
£600?
(c) The shares now fall in price by 29p. How much are Jo’s shares worth now?
(a) £20.02 × 18 = £360.36
18 shares cost £360.36.
(b) £600 ÷ £21.00 ≈ 28.57 ≈ 28
Jo can buy 28 whole shares.
(c) £21.00 - 29p = £21.00 - £0.29 = £20.71
£20.71 × 28 = £579.88
Jo's shares are worth £579.88 now.
