Question

10. Jan purchased 140 shares of stock in the ABC Company at a price of $18.75 per share. During the

Answer 1

$\bold{\huge{\orange{\underline{ Solution }}}}$

$\bold{\underline{ Given :- }}$

• Jan purchased 140 shares of stock in ABC company at a price of $18.75 per share
• During the next 3 days, the value of share declined by $1.00 , $1.75 and $1.50

$\bold{\underline{ To \: Find :- }}$

• We have to find the value of a share of ABC stock at the end of 3 days

$\bold{\underline{ Let's \: Begin :- }}$

According to the question,

Cost of 1 share of ABC company = $18.75

Therefore,

Cost of 140 shares purchased by Jan in the ABC company

$\sf{ = 140 × 18.75 }$

$\sf{ = 2625\: dollars }$

Now,

For next 3 days, the value of share declined

$\sf{ = (1 + 1.75 + 1.50)dollars }$

$\sf{ = 4.25 \: dollars }$

Therefore,

The value of shares after 3 days will be

$\bold{ = }{\bold{\frac{2625 - 4.25}{ 140}}}$

$\bold{ = }{\bold{\frac{ 2620.75}{ 140}}}$

$\bold{\red{ = 18.75\: dollars}}$

Hence, The value of share after 3 days will be $18.75 .