Question

Luis bought stock at $69.90. The next day, the price increased $11.65. This new price changed by −3

3
4
% the following day. What was the final stock price, rounded to the nearest cent? Is your answer reasonable? Complete the explanation.

Answer 1

Answer:The original stock price was $83.60 and it went up by 15.35 so it became $98.95 and then 4.75% of this was then $4.70 so $98.95-4.70=$94.25 so even with the drop in value the stock price still went up by $10.65 so gained significantly in value.

Explanation: