Question

Tele-Mart instituted a 5-for-1 split in April. After the split, Ashlee owned 1,860 shares. How many shares had she owned before the split?

Answer 1

372 shares

Explanation:

Let

x = shares owned before the split

Share after split : share before split = 5 : 1

Share after split : share before split = 1,860 : x

Equate both ratios

5 : 1 = 1,860 : x

5/1 = 1,860/x

Cross product

5 * x = 1 * 1,860

5x = 1,860

x = 1,860/5

x = 372

x = shares owned before the split = 372 shares