SOLUTION: Paul bought a number of shares of stock for a total of $3000.Three months later the stock had increased in value by $5 per share and he sold all but 50 shares and regained his orig

Algebra ->  Customizable Word Problem Solvers  -> Numbers -> SOLUTION: Paul bought a number of shares of stock for a total of $3000.Three months later the stock had increased in value by $5 per share and he sold all but 50 shares and regained his orig      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1198580: Paul bought a number of shares of stock for a total of $3000.Three months later the stock had increased in value by $5 per share and he sold all but 50 shares and regained his original investment of $3000.How many shares did he sell?
Answer by ikleyn(52797) About Me  (Show Source):
You can put this solution on YOUR website!
.
Paul bought a number of shares of stock for a total of $3000.
Three months later the stock had increased in value by $5 per share and he sold all
but 50 shares and regained his original investment of $3000. How many shares did he sell?
~~~~~~~~~~~~~~~~

Let n be the number of shares Paul sold.

Then the original number of shares he bought was (n+50).


The buying price per share was  3000%2F%28n%2B50%29 dollars.

The selling price per share was 3000%2Fn dollars.


The difference of these prices was 5 dollars, according to the problem,
which gives this "price" equation


    3000%2Fn - 3000%2F%28n%2B50%29 = 5  dollars.     (1)


To solve this equation, multiply both sides by n*(n+50), then simplify step by step


    3000*(n+50) - 3000*n = 5n*(n+50)

    3000n + 150000 - 3000n = 5n^2 + 250n

    5n^2 + 250n - 150000 = 0

     n^2 +  50n -  30000 = 0

     (n+200)*(n-150) = 0


The equation has two roots, -200 and 150.  
Of these two roots, we discard the negative one and accept the positive value n= 150.


CHECK.  To check, substitute n= 150 into equation (1). You will get

        3000%2F150 - 3000%2F200 = 20 - 15 = 5,  which is precisely correct.


ANSWER.  Paul sold 150 shares.

Solved.