Question

Luis bought stock at $65.80. The next day, the price increased $11.95. This new price 3 changed by -4% the following day. What was the final stock price, rounded to the nearest cent? Is your answer reasonable? Complete the explanation. ​

Answer 1

$74.64

Explanation:

$65.80 + $11.95 = $77.75

$77.75 × .96 = $74.74

When the stock decreased by 4%, we had to find 96% of the stock's price at the time of the decrease.