On Monday, a company stock closed at a price of $30.80 per share. On Tuesday, it increased by $1.20 per share. On Wednesday, it fell by 6.25%. On Thursday, it fell by another 4%, and on Friday, it increased by 2.5%. What is the net change in the stock price from Monday to Friday?
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Answer:
Given
On Monday,
a company stock closed at a price of $30.80 per share.
Tuesday
, it increased by $1.20 per share.
So $30.80+$1.20 = $32.00
Wednesday,
it fell by 6.25%.
So 100%- 6.25% = 93.75% of previous price
=$32.00 x 93.75%
= $30
Thursday,
it fell by another 4%,
So 100%- 4% =96% of previous price
=$30 x96%
=$28.8
Friday, it increased by 2.5%
So $28.8 + [2.5% x $28.8 ]
=$28.8+ 0.72
=$29.52
the net change in the stock price from Monday to Friday
= final - initial
=$29.52-$30.80
=-$1.28
So the stock fell by $1.28
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