Question

At the beginning of the day the stock market goes down 50 1/2 points and stays at this level for most of the day. At the end of the day the stock market goes up 80 1/4 points from the low at the beginning of the day. What is the total change in the stock market from the beginning of the day to the end of the​ day?

Answer 1

Answer:

The change for the day is 29 3/4

Step-by-step explanation:

In this problem, we are expected to calculate the change in the price of a particular stock

Given that the days high is 80 1/4

and also that the days low is 50 1/2

we can calculate the change by subtracting the days low from the days high

i.e 80 1/4- 50 1/2= 321/4-101/2= (321-202)/4= 119/4 = 29 3/4

hence the change for the day is 29 3/4

Also we can calculate the percentage change as

%change = (high-low)/low*100

%change= 80 1/4- 50 1/2/50 1/2= 29 3/4/50 1/2 *100

%change= 119/4*2/101 *100= 119/202*100= 0.589*100= 58.9%

%change= 58.9%