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A company share was exchanged at 36 pence per share on the stock exchange on the 6 th Oct. 2014. 25% of the value was wiped out from the share in the next day trading (7th Oct.2014) What is the new share
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4 votes
4 votes
A company share was exchanged at 36 pence per share on the stock exchange on the

6
th Oct. 2014. 25% of the value was wiped out from the share in the next day trading
(7th Oct.2014)
What is the new share price?

User EGOrecords
by
2.7k points

1 Answer

16 votes
16 votes

Answer: 27 pence

Step-by-step explanation:

From the question, we are given the information that a company share was exchanged at 36 pence per share on the stock exchange on the 6th Oct. 2014 and that 25% of the value was wiped out from the share in the next day trading which was 7th Oct.2014.

The new share price will be gotten by deducting 25% of 36 pence from the former value which is 36 pence. This will be:

= 36p - (25% × 36p)

= 36p - (0.25 × 36p)

= 36p - 9p

= 27p

The new share price is 27 pence.

User Brett Lempereur
by
3.3k points
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