Give the step-by-step reasoning process and then the final answer. Jake has $5000. He spends $2800 on a new motorcycle, and then spends half of what's left on a concert ticket. Jake then loses a fourth of what he has left. How much money does he have left?
Jake has 5000 - 2800 = $2200 left. Jake has 2200 / 2 = $1100. Jake loses 1100 / 4 = $275. Jake has 1100 - 275 = $825 left.
The final answer: 825.