Math makes my head hurt.

May 18, 2007 3:52 AM

Maths Question.

Company has 100 shares. Company needs to issue additional shares to Person A so that Person A holds 20.83% of all shares in Company (taking into account his original shares held, and his new share allocation). How many new shares should be issued? (Rounded to the thousandth of a share).

posted by Optamystic to work & money (14 comments total)

Correction: disregard my statement about original shares held. I just need to total that he should be issued.
posted by Optamystic at 3:57 AM on May 18, 2007

If by "disregard my statement about original shares held", you mean person A has no shares before the reissue, you want to solve for x, the number of shares to give person A, where x/(100 + x) = 0.2083. This gives x = 26.31047...
posted by caek at 4:05 AM on May 18, 2007

26.31
On preview, damn.
posted by Abiezer at 4:08 AM on May 18, 2007

Thanks much!
posted by Optamystic at 4:15 AM on May 18, 2007

n = number of shares person A currently holds
p = number of new shares issued

(n + p)/(100 + p) = .2083

You don't have enough information. Suppose person A holds 20.83 shares currrently, then 0 shares would need to be issued. If A holds 0 shares currently, then you need approximately 26.31. If you want to express the number of shares to be issued as a function of the number of shares held I think it goes like:

p = (10000 n - 208300)/7917
posted by rdr at 4:31 AM on May 18, 2007

Did we just do someone's homework?
posted by John Kenneth Fisher at 6:31 AM on May 18, 2007

Not homework. Workwork.
posted by Optamystic at 6:37 AM on May 18, 2007

oh. Okay then :-)
posted by John Kenneth Fisher at 6:57 AM on May 18, 2007

Is your board membership threshold 20.84% or something?
posted by Plutor at 8:43 AM on May 18, 2007

I never understood why it was considered more acceptable to do someones work for them than to do their homework.
posted by missmagenta at 8:56 AM on May 18, 2007

Because at work, you're frequently encouraged to ask others for help whereas in school you're learning to do it by yourself.
posted by ORthey at 9:03 AM on May 18, 2007

In school you should have been taught and know how to do it or at the very least you should have classmates/teachers to ask if you're stuck - its what they're there for.
At work you're being paid to do a job not to ask other people to do it for you (for free)
posted by missmagenta at 9:22 AM on May 18, 2007

Did we just do someone's homework?
posted by John Kenneth Fisher at 6:31 AM on May 18


Not homework. Workwork.
posted by Optamystic at 6:37 AM on May 18


oh. Okay then :-)
posted by John Kenneth Fisher at 6:57 AM on May 18

Thank you. I needed that this morning.
posted by special-k at 10:13 AM on May 18, 2007

At work you're being paid to do a job not to ask other people to do it for you
I'd argue that at work you're being paid to get it done.
posted by monkeymadness at 11:04 AM on May 18, 2007 [3 favorites]