On Monday, a company stock closed at a price of $30.80 per share. On Tuesday, it increased by $1.20 per share. On Wednesday, it fell by 6.25%. On Thursday, it fell by another 4%, and on Friday, it increased by 2.5%. What is the net change in the stock price from Monday to Friday?

Question

Mathematics

Trevon Garrison

9 April, 18:46

On Monday, a company stock closed at a price of $30.80 per share. On Tuesday, it increased by $1.20 per share. On Wednesday, it fell by 6.25%. On Thursday, it fell by another 4%, and on Friday, it increased by 2.5%. What is the net change in the stock price from Monday to Friday?

+1

Answers (1)

Know the Answer?

Ivan Tyler · Answer 1

Monday : closing price = 30.80 per share

Tuesday : closing price = (30.80 + 1.20) = 32.00 per share

Wednesday : closing price = (32 - 0.0625 (32) = 32 - 2 = 30 per share

Thursday : closing price = (30 - 0.04 (30) = 30 - 1.20 = 28.80 per share

Friday : closing price = (28.80 + 0.025 (28.80) = 28.80 + 0.72 = 29.52 per share

so the net change from Mon. to Fri. is : (29.52 - 28.80) = + 0.72 per share <=