During the first year, ABC's stock price starts at $ / $100 $ and increases $ 100/% $. During the second year, its stock price goes down $ 25/% $ from its price at the end of the first year. What is the price of the stock, in dollars, at the end of the second year?

Question

Mathematics

Elisa Lowery

1 September, 20:54

During the first year, ABC's stock price starts at $ / $100 $ and increases $ 100/% $. During the second year, its stock price goes down $ 25/% $ from its price at the end of the first year. What is the price of the stock, in dollars, at the end of the second year?

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Answers (2)

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Mollie Brewer · Answer 1

150

Step-by-step explanation:

In the first year, the price doubles. This happens because 100% of 100 is 100, so 100+100 is 200, which is also 100 multiplied by 2. 25/100 which is 25%, multiplied by 200, is 50. So the answer is 200-50 which equals 150.

Joe Stanley · Answer 2

Step-by-step explanation:

During the first year, ABC's stock price starts at $100 and increases by 100%. This means that the amount by which the stock increased would be

100/100 * 100 = $100

The new price of the stock would be 100 + 100 = $200

During the second year, its stock price goes down 25% from its price at the end of the first year. This means that the amount by which the stock reduced is

25/100 * 200 = 0.25 * 200 = $50

Therefore, the price of the stock, in dollars, at the end of the second year is

200 - 50 = $150