Stock worth $60 a share dropped in value by 20% on Monday, then, again by $10 the next Tuesday and, finally, increased by 55% the following Friday. What was the final price of a share?
(60 * 0.80 - 10) * 1.55 = $58.90
ur all wrong wow.
We know that the stock started off as $60 per share, so that would be our starting value.
The stock dropped by 20%, so let's calculate the drop in price.
60 • 0.20 = 12
60 - 12 = 48
On Monday, the value of the stock was $48
On Tuesday, the stock dropped by $10, so calculate that drop as well
48 - 10 = 38
On Tuesday, the stock value is at $38
The stock increased by 55%, so we need to calculate the increase.
38 • 1.55 = 58.9
This means that the final price of the share was $58.90
Steve you very are wrong. This is the real way to solve it is this:
((60-(20%*60))-10)+(38*(55/100))=$58.90
58.90
Ok, first of all, 58.90 is correct, and those of you you who say that ur it’s wrong, I few thing to say to you, YOUR WRONG. So stop. ( I’m looking at you Jennifer and whoever ‘wow guys’ is.)
wow guys is right
58.90
$58.90
give me the way u solved it!