Question

Maddie buys stock that is worth $22 per share.On the first day,the value of the stock goes up 20%. On the second day,the value decreases by 10%. What is the value of each share at the end of the second day?

Answer 1

At the end of the second day, the value of the share is $23.76

Explanation:

Maddie bought $22 worth of share

20% increase of $22 share in the first day

= 20/100 × 22

= $4.40

The total value at the end of the $22 + $4.40

= $26.40

On the second day, 10% decrease of $26.40 is

= 10/100 × $26.4

= $2.64

At the end of the second date, the value of the share is $26.40 - $2.64

= $23.76