On Thursday, the ABC Company stock lost 60% of its value. On Friday it lost another 10% of its remaining value. If the total loss for the two days would have been the same if the stock had lost x% of its value the first day and then X% of its remaining value the second day, then "x" = ?

Question

Mathematics

Valentino Summers

13 April, 08:11

On Thursday, the ABC Company stock lost 60% of its value. On Friday it lost another 10% of its remaining value. If the total loss for the two days would have been the same if the stock had lost x% of its value the first day and then X% of its remaining value the second day, then "x" = ?

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Answers (2)

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Davon Norman · Answer 1

Hello there.

On Thursday, the ABC Company stock lost 60% of its value. On Friday it lost another 10% of its remaining value. If the total loss for the two days would have been the same if the stock had lost x% of its value the first day and then X% of its remaining value the second day, then "x" = ?

36%

Johnathon Porter · Answer 2

It lost 60% of its value so the remaining percentage is 40%. Then it looses another 10% of the remaining value which is 4% and so the final remaining value is 40-4=36%. So 36% is the final value.