Question

The value of a stock increases 1423 points twice in one week. The other three days the value decreases by 10 points, 813 points, and 1223 points. By how many points did the value of the stock change that week? A. 2/3 points B. 1/3 points C. −1 1/3 points D. −1 2/3 points

Answer 1

Explanation:

Remark

Usually the statements are written from your broker's and his accountant's point of view. That being said, he looks at the numbers as a debit for a plus, and a credit as a minus. We'll assume it started out as a new purchase.

Debit Credit Balance

0 0

1423 1423

1423 2846

10 2836

813 2023

1223 800

None of the answers match. I have done it correctly. There is no way you will get a fractional amount from those numbers. You are going to have to take it to your teacher/instructor to find out how it is done.