Bill buys a stock that decreases by 20% on the first day, and then on the second day the stock increases by 30% of its value at the end of the first day. What was the overall percent increase in Bill's stock over the two days?

Question

Mathematics

Willow Kirby

15 August, 21:00

Bill buys a stock that decreases by 20% on the first day, and then on the second day the stock increases by 30% of its value at the end of the first day. What was the overall percent increase in Bill's stock over the two days?

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Answers (1)

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Robert Gilmore · Answer 1

4%

Step-by-step explanation:

Let the stock be $10

A 20% decline = 80/100 * 10

= 8

A 30% increase = 30/100 * 8

= 2.4 + 8 = 10.4.

Overall increase = 10.4 - 10 = 0.4

Percentage overall increase = 0.4/10 * 100

= 4%