Question

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?

Answer 1

(60 * 0.80 - 10) * 1.55 = $58.90

Answer 2

ur all wrong wow.

Answer 3

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

Answer 4

Steve you very are wrong. This is the real way to solve it is this:

((60-(20%*60))-10)+(38*(55/100))=$58.90

Answer 5

58.90

Answer 6

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.)

Answer 7

wow guys is right

Answer 8

58.90

Answer 9

$58.90

give me the way u solved it!

Answer 10

i think you got lucky

Answer 11

$58.90

Answer 12

58.90

duh

Answer 13

58.90

Answer 14

You're all wrong except SK, whoever that is. I am very disappointed rn

Answer 15

$58.90

Answer 16

58.9000

I am great at math!

Answer 17

37.70

In this question, we're going to go step by step to get the final price of the share.
We know that the stock started off as $40 per share, so that would be our starting value.
The stock dropped by 10%, so let's calculate the drop in price.
40 · 0.10 = 4
40 - 4 = 36
On Monday, the value of the stock was $36
On Tuesday, the stock dropped by $10, so calculate that drop as well
36 - 10 = 26
On Tuesday, the stock value is at $26
The stock increased by 45%, so we need to calculate the increase.
26 · 1.45 = 37.70
This means that the final price of the share was $37.70
Answer:
$37.7