4.1k views
25 votes
10. Jan purchased 140 shares of stock in the ABC Company at a price of $18.75 per share. During the

next three days, the value declined by $1.00, $1.75 and $1.50. What was the value of a share of ABC
stock at the end of three days?

User Paul Hunt
by
8.4k points

1 Answer

4 votes


\bold{\huge{\orange{\underline{ Solution }}}}


\bold{\underline{ Given :- }}

  • Jan purchased 140 shares of stock in ABC company at a price of $18.75 per share
  • During the next 3 days, the value of share declined by $1.00 , $1.75 and $1.50


\bold{\underline{ To \: Find :- }}

  • We have to find the value of a share of ABC stock at the end of 3 days


\bold{\underline{ Let's \: Begin :- }}

According to the question,

Cost of 1 share of ABC company = $18.75

Therefore,

Cost of 140 shares purchased by Jan in the ABC company


\sf{ = 140 × 18.75 }


\sf{ = 2625\: dollars }

Now,

For next 3 days, the value of share declined


\sf{ = (1 + 1.75 + 1.50)dollars }


\sf{ = 4.25 \: dollars }

Therefore,

The value of shares after 3 days will be


\bold{ = }{\bold{(2625 - 4.25)/( 140)}}


\bold{ = }{\bold{( 2620.75)/( 140)}}


\bold{\red{ = 18.75\: dollars}}

Hence, The value of share after 3 days will be $18.75 .

User Kivanc
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories