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Stock worth $80 a share dropped in value by 15% on Tuesday, then increased by $7 the next Wednesday and, finally, increased by 12% on Thursday. What was the final price of a share?

2 Answers

4 votes

Answer: 84

Step-by-step explanation: 84

User Tadas Sasnauskas
by
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3 votes

Answer:

The final price of share is $84

Explanation:

Initial price of share = $ 80

The price of share is dropped by 15% on Tuesday

Drop in share = 15 % of 80 = 0.15×80 = $12

Price of share after 15% drop in price = $80 -$12 = $ 68

Price of share increased by $7 on Wednesday

Price of share on Wednesday = $68 +$7 =$ 75

on Thursday the price of share was increased by 12%

So the price of share on Thursday = price of share + 12 % of price of share

= $75 +12 % of $ 75

= $75 +0.12 ×$ 75

= $ 75 +$9 = $ 84

The final price of share is $84


User Sdfor
by
6.8k points
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