Question

Widget Indutries had stock that sold at 36 5/8 points. The stock rose 7 1/4 points. What is the new price?

Answer 1

The new price of stock of Widget industries is $43 \frac{7}{8}$

Solution:

Given that, Widget Industries had stock that sold at $36\frac{5}{8}$ points.  

The stock rose $7\frac{1}{4}$ points.  

We have find what is the new price of the stock ?

Now, we know that, new price of the stock will be combination of sold value of the stock and the new rise of points to the stock  

Then, new price of the stock = sold price of stock + rise in points

$\text { New price of stock }=36 \frac{5}{8}+7 \frac{1}{4}$

Converting the mixed fractions, we get

$\begin{array}{l}{=\frac{38 \times 8+5}{8}+\frac{7 \times 4+1}{4}} \\\\ {=\frac{293}{8}+\frac{29}{4}=\frac{293}{8}+\frac{58}{8}=\frac{293+58}{8}=\frac{351}{8}=\frac{344+7}{8}=43 \frac{7}{8}}\end{array}$

Hence, the new price of the stock is $43 \frac{7}{8}$