Question

Luis bought stock at $83. 66. The next day the prize increased $15. 35. This new price changed by -4 3/4% the following day. What was the final stock price? is your answer reasonable? explain. New price=(83. 66+15. 35)*(100-4. 75)/100=94. 307025

Answer 1

$83.66 + $15.35 = $99.01

1 - .0475 = .9525

.9525($99.01) = $94.31

This answer is reasonable because the final stock price is slightly less than the stock price before the small decrease.