On monday the value of a company share was 7.50 rs the price increased by 6% on tuesday decreased by 1.5% on wednesday and decreased by 2% on thursday find the value of each share when trade opened on friday
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Value on Monday is Rs. 7.50
Tuesday's increase = 6%
therefore new value = 106%
= 106/100 × 7.50 = 7.95
opening value of share on Wednesday = Rs. 7.95
Wednesday's decrease = 1.5%
therefore new value = 98.5%
98.5/100 × 7.95 = 7.83075
opening value of share on Thursday = Rs.7.83075
Thursday's decrease = 2%
Therefore new value= 98%
opening value = 98/100 × 7.83075
= 7.674135
Therefore the value when trade opened on Friday = Rs. 7.67
Tuesday's increase = 6%
therefore new value = 106%
= 106/100 × 7.50 = 7.95
opening value of share on Wednesday = Rs. 7.95
Wednesday's decrease = 1.5%
therefore new value = 98.5%
98.5/100 × 7.95 = 7.83075
opening value of share on Thursday = Rs.7.83075
Thursday's decrease = 2%
Therefore new value= 98%
opening value = 98/100 × 7.83075
= 7.674135
Therefore the value when trade opened on Friday = Rs. 7.67
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on friday the closing price of a kjl company share was $51.72 . it had risen $1.08 from the previous day find the closing price of kjl on thursday
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