When It Opened on Monday Morning, a Local Delicatessen Had

question 26

Short Answer

When it opened on Monday morning, a local delicatessen had 26.8 pounds of salami. During the week, it received a shipment of 84.9 pounds of salami. Also during the week, it used 42.8 pounds of salami in sandwiches and sold 34.2 pounds in bulk to retail customers. How much salami remained at the end of the week?

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Definitions:

Stock Split

A corporate action that increases the number of shares outstanding by issuing more shares to current shareholders, affecting share price.

Market Value

The existing cost at which a commodity or service is available for buying or selling in the market.

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.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which may lower the stock price and make shares more affordable to investors.