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Jasmin Coleman bought 5,000 shares of GE stock. She held them for 6 months. Then Jasmin sold 190 shares on monay, 450 shares on Tuesday and again on Thursday, and 900 shares on friday. The average shares of stock jasmin still owns is worth $48 per share.

Determine (a) how many shares does Jasmin still own? (b) What is the total value of Jasmin stock after the sales?

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What color are Jasmin's eyes? –  Will Jagy Oct 18 '12 at 4:11
    
A different problem: On Sunday, Imelda owned $5000$ pairs of shoes. She threw $190$ pairs away on Monday, $450$ pairs on each of Tuesday and Thursday, and $900$ pairs on Friday. How many pairs of shoes does she still own after that? –  André Nicolas Oct 18 '12 at 4:21
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2 Answers 2

$$5000 - 190 - 450 - 450 -900 = 3010$$ $$3010 * \$48 = \$144480 $$

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Omg ! thank you. i was attempting to solve it this way but i was not sure –  jade Oct 18 '12 at 5:00
    
@jade Ok. Then upvote and accept the answer : ) –  Euler....IS_ALIVE Oct 18 '12 at 20:45

Actually this is less obvious than it looks. GE's stock split several times, most recently a 3-for-1 split on May 8, 2000. There was a time on June 22, 2000 when the stock price was approximately \$48 (the low for that date was \$47.94). So if she had bought 5000 shares about six months before that date, then sold 190, 450, 450 and 900 shares in June, she would still have 13010 shares, not 3010.

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