Ask Question
26 August, 11:35

Stock worth $80 a share dropped in value by 15% on Tuesday, then increased by $7 the next Wednesday and, finally, increased by 12% on Thursday. What was the final price of a share?

+4
Answers (1)
  1. 26 August, 14:35
    0
    The final price of share is $84

    Step-by-step explanation:

    Initial price of share = $ 80

    The price of share is dropped by 15% on Tuesday

    Drop in share = 15 % of 80 = 0.15*80 = $12

    Price of share after 15% drop in price = $80 - $12 = $ 68

    Price of share increased by $7 on Wednesday

    Price of share on Wednesday = $68 + $7 = $ 75

    on Thursday the price of share was increased by 12%

    So the price of share on Thursday = price of share + 12 % of price of share

    = $75 + 12 % of $ 75

    = $75 + 0.12 * $ 75

    = $ 75 + $9 = $ 84

    The final price of share is $84
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Stock worth $80 a share dropped in value by 15% on Tuesday, then increased by $7 the next Wednesday and, finally, increased by 12% on ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers