Suppose That Agatha Had $270 to Spend on Tickets

question 8

Multiple Choice

Suppose that Agatha had $270 to spend on tickets for her trip.She needs to travel a total of 1,500 miles.Suppose that the price of first-class tickets is $.30 per mile and the price of second-class tickets is $.10 per mile.How many miles will she travel by second class?

• A)1,000
• B)450
• C)1,050
• D)900
• E)300

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Definitions:

Ownership Position

The stake or interest that a person or entity has in an asset.

Shares Outstanding

The total number of shares that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Market Price

The ongoing rate at which a product or service is traded in a certain market.

Ownership Position

The share or portion of a company or property owned by an individual or entity, often expressed as a percentage of the total available shares.