Question

Maddie buys stock that is worth $22 per share. On the first day, the value of the stock goes up 20%. On the second day, the value decreases by 10%. What is the value of each share at the end of the second day?

Answer 1

Answer is $23.76

Calculate 20% of 22 and add it to 22:

20% x 22 = 4.4

22 + 4.4 = $26.4

Calculate 10% of 26.4 and subtract from 26.4

10% x 26.4 = 2.64

26.4 - 2.64 = $23.76