SOLUTION: A man purchased some shares of stock for $1560. Later, when the price had gone up $24/share, he sold all but ten of them for $1520. how many shares had he bought? This is a word

Question 936641: A man purchased some shares of stock for $1560. Later, when the price had gone up $24/share, he sold all but ten of them for $1520. how many shares had he bought?
This is a word problem in a certain chapter in our book which deals all about Quadratic Equations. I hope you could help me out. Thanks.
Answer by josgarithmetic(39617) (Show Source): You can put this solution on YOUR website!
bought x shares of stock for 1560 dollars.

Price went up to .

At that increased price, he sold of his shares.

He received 1520 dollars for selling x-10 shares at that price.

and the objective is for you to understand this equation and how it was developed. When you understand that, then you can solve it.
RELATED QUESTIONS
Tony bought a number of shares of stock for $720. A month later the value of the stock... (answered by solver91311)

Sherry bought a number of shares of stock for $250. Six months later the value of the... (answered by solver91311)

Paul bought a number of shares of stock for a total of $3000.Three months later the stock (answered by ikleyn)

I need help with setting up the equation for this story problem and solving it. Can you... (answered by nerdybill)

A speculator sold some shares of stock for $2880. Several days later, the stock having... (answered by Theo)

A speculator sold some shares of stock worth $2880. Several days later, the stock having... (answered by ikleyn,MathTherapy,josgarithmetic)

An investor bought a number of shares of stock for $1500. After the price dropped by $20... (answered by ikleyn)

Jessica purchased x shares of stock at $32 per share. She sold all the stock for $56 per... (answered by jessica43)

word problem for quadratic equation Brendan buys a block of shares of Laser Technology (answered by edjones)