Question

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?

Answer 1

Answer:

decreased by $1.28

Step-by-step explanation:

On Monday, a company stock closed at a price of = $30.80

On Tuesday, it increased by $1.20 per share.

The stock closed at a price = 30.80 + 1.20 = $32.00

On Wednesday, it fell by 6.25% = 32-(6.25% × 32)

                                                     = 32 -(0.0625 × 32)

                                                    = 32 - 2.00 = $30

The stock closed on Wednesday at a price  = $30.00

On Thursday, it fell by another 4% = 30 -(4% × 30)

                                                     = 30 -(0.04 × 30)

                                                    = 30 - 1.20 = $28.80

The stock closed on Thursday at a price = $28.80

On Friday, it increased by 2.5% = 28.80 + (2.5% × 28.80)

                                                     = 28.80 + (0.025 × 28.80)

                                                    = 28.80 + 0.72 = $29.52

The stock closed on Friday at a price = $29.52

Net change in the stock price from Monday to Friday = 30.80 - 29.52

                                                                                = $1.28

The stock decreased by $1.28 per share from Monday to Friday.

Answer 2

0.082 i think seems like a little i might havedone the math wrong BUT if you wanna do it yourself add the 30 with the 1.20 then multiply the percentage ect.