Last year won the lions 16 games last year and into this year the Lions won 20 games.
as the percentage increase is:
20/16
(20/4) / (16/4)
5/4
<span>
1.25 (125%)</span>
Answer:
a. $45.86
b. $43.87
c. Percentage change = -4.40%)
Step-by-step explanation:
a. Let the price of share at the beginning of first year be represented with X
Now, Price of company's share dropped by 3.50% at the end of first year.
So, Price of share at the end of first year = x - 3.5% of x
= x - 0.035x
= 1x - 0.035x
= 0.965x
But it is equal to $44.25
=> 0.965x = 44.25
x = 44.25 / 0.965
x = 45.8549223
x = $45.86
b. During second year price of share decreased by $1.99. Therefore, Price of share at the end of second year = $45.86 - $1.99 = $43.87
c. Percentage change in the price of shares over two years = {(45.86 - 43.87)/45.86} *100
= (1.99/45.86)*100
= 0.04339294 * 100
= 4.40%
Now, as price of shares has dropped, the percentage change will be negative. (Δ% = -4.40%)
