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True [87]
3 years ago
7

The price of one share of XYZ inc's stock drop by $0.02 on Monday. On Tuesday the price goes back up by $0.05.

Mathematics
1 answer:
Vsevolod [243]3 years ago
5 0

Answer:

1.<u> </u>$(x+0.03) - $x

2. $ 34.21

Step-by-step explanation:

Let the price of XYZ inc's share to be = <u>$ x</u>

On Monday, the price drops by $ 0.02 = $ x- $ 0.02 = $ (x-0.02)

New price of shares on Monday is =<u> $ (x- 0.02)</u>

On Tuesday the price goes up by $0.05 = $ (x-0.02) + $ 0.05 = $(x-0.02+0.05)

New price on Tuesday = <u>$( x+ 0.03)</u>..............................................(a)

Change in price of one share of XYZ's stock= Price on Tuesday - price of share

                                         = <u> $(x+0.03) - $x</u>..........................................(b)

2. Give that x= $34.18  solve equation (a) above

Price on Tuesday at close of business= $ (x+0.03)

                                                               = $ (34.18+0.03)

                                                                = $ 34.21

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Answer:

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Hope this helped.

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