Question

A company's stock begins the week with a price of $43.85 per share. THe price changes by +$2.70 each day for the first two days, by - $1.10 each day for the next two days, and, and by - $4.45 on the last day. At the end of the last day, what is the price per share of the company`s stock, in dollars?

Answer 1

Given:

Initial price of the stock=$43.85

Change for the first two days=+$2.70

Change for next two days=-$1.10

Last day=-$4.45

The objective is to find the price at the last day.

Let's take the price at final day as x.

$\begin{gathered} x=43.85+2.70+2.70-1.10-1.10-4.45 \\ x=42.6 \end{gathered}$

Hence, the price of the stock at the last day is $42.6