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Algebra/gold coin algebra/fraction problem help!

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Question
I have a word problem I can't figure out...
hank had to give a guard 1/3 of his coins to leave town. in order to get on the highway he had to give a guard 1/2 of his coins. to pay for gas he had to use 1/4 of his coins. to buy dinner he used 2/3 of his coins. at this point he had 7 coins left.
I have an idea how to solve this problem, but I just can't figure it out. I would really appreciate the help! Thanks so much.

Answer
I gather you mean that at each stage he gave that fraction
of money he had left...yes?  If so, then here is a solution:

Let x=the original number of coins.
After giving 1/3 of it, he had (2/3)x left.
Then he gave 1/2 of that, leaving (1/2)(2/3)x=(1/3)x
Then he gave 1/4 of that, leaving (3/4)(1/3)x=(1/4)x
Then he used 2/3 of that, leaving (1/3)(1/4)x=(1/12)x
So, (1/12)x=7...thus, x=12*7=84 coins.

OK?

Abe

Algebra

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Abe Mantell

Expertise

Hello, I am a college professor of mathematics and regularly teach all levels from elementary mathematics through differential equations, and would be happy to assist anyone with such questions!

Experience

Over 15 years teaching at the college level.

Organizations
NCTM, NYSMATYC, AMATYC, MAA, NYSUT, AFT.

Education/Credentials
B.S. in Mathematics from Rensselaer Polytechnic Institute
M.S. (and A.B.D.) in Applied Mathematics from SUNY @ Stony Brook

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