Duffin House, Higgins Press, and Sickle Publications all went public on the same day recently. John O'Hagan had the opportunity to participate in all three initial public offerings (partly because he and Marjory Duffin are good friends). He made a considerable profit when he sold all of the stock 2 days later on the open market. The following table shows the purchase price and percentage yield on the investment in each company. Purchase Priceper Share ($)Yield (%)Duffin House (DHS)820Higgins Press (HPR)1015Sickle Publications (SPUB)1515He invested $25,000 in a total of 2,600 shares and made a $4,350 profit from the transactions. How many shares in each company did he purchase?Duffin House shares Higgins Press shares Sickle Publications shares I have x+y+z=26008x+10y+15z=25,000160x+150y+225z=435,000 i keep getting y=506, i know im doing something wrong :(

Name: Duffin House, Higgins Press, and Sickle Publications all went public o
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Description: Duffin House, Higgins Press, and Sickle Publications all went public on the same day recently. John O'Hagan had the opportunity to participate in all three initial public offerings (partly because he and Marjory Duffin are good friends). He made a co

Let x represents the number of shares of Duffin House, y represents the number of shares of Higgins…

Answered: Duffin House, Higgins Press, and Sickle…

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Author:Erwin Kreyszig

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Duffin House, Higgins Press, and Sickle Publications all went public on the same day recently. John O'Hagan had the opportunity to participate in all three initial public offerings (partly because he and Marjory Duffin are good friends). He made a considerable profit when he sold all of the stock 2 days later on the open market. The following table shows the purchase price and percentage yield on the investment in each company.

	Purchase Price per Share ($)	Yield (%)
Duffin House (DHS)	8	20
Higgins Press (HPR)	10	15
Sickle Publications (SPUB)	15	15

He invested $25,000 in a total of 2,600 shares and made a $4,350 profit from the transactions. How many shares in each company did he purchase?

Duffin House shares Higgins Press shares Sickle Publications shares

I have

x+y+z=2600

8x+10y+15z=25,000

160x+150y+225z=435,000

i keep getting y=506, i know im doing something wrong :(

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