Question

Please help

The closing price of a share of stock in company XYZ is $17.29 on Thursday. If the change from the closing price on Wednesday is $-0.40, find the closing price on Wednesday

Answer 1

The closing price on wednesday = $17.69 ....

Explanation:

The closing price on Thursday = $17.29

The closing price on Wednesday = ?

Let x be the closing price on wednesday

The closing price on Thursday can be found through the equation:

x-0.40=17.29

x= 17.29+0.4

x=$17.69

where x is the closing price of Wednesday.

Therefore the closing price on wednesday = $17.69 ....