Question

The stock price for FWT was $61.81 In August. In September the stock had increased by 9%, but in October the price fell by 9%. What was the price of FWT stock in October? Round your answer to the nearest cent, if necessary.

Answer 1

the price in August is 61.81

In September the stock increase by 9% so then the resulting value is:

61.81$* 1.09= 67.37$

In October again fell by 9% so then we have this

67.37$* (1-0.09)= 61.307$

Then the price by October would be:

61.31$ rounded to the nearest cent