kimihmoore
contestada

Stock worth $40 a share dropped in value by 10% on Monday. Then, it dropped again by $10 the next Tuesday and, finally, increased by 45% the following Friday. What was the final price of a share?

Respuesta :

Answer: 37.7

Step-by-step explanation:

10 % of 40 = 10/100 ×40=4

When dropped by 10% then amount on Monday = 40-4=36

On tuesday price dropped = 36 - 10 = 26

Increased by 45% on friday : 45/100 × 26 + 26 =

37.7

The final price of the share will be $37.70.

The stock worth $40 a share dropped in value by 10% on Monday. The new price will be:

= $40 - (10% × $40)

= $40 - $4 = $36

Then, it dropped again by $10 the next Tuesday. The new price will be:

= $36 - $10 = $26

It finally increased by 45% the following Friday. The new price will be:

= $26 + (45% × $26)

= $26 + $11.7

= $37.70

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