Question

on monday, the value of a company shares was 7.50 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 ? with cancellation explaination

Answer 1

Tuesday- 12.(7.5+(7.5*6/100))
Wednesday - 7.38
(7.5-(7.5*1.5/100))
Thursday - 6.(7.5-(7.5*2/100))

Answer 2

Given, Monday value = 7.50

            Tuesday price is increased by 6% = 106%.

            Tuesday price = 7.50 * 106/100

                                     = 7.95.


            Wednesday price is decreased by 1.5% = 98.5

             Wednesday price = 7.95 * 98.5/100

                                           = 7.830.


              Thursday price is decreased by 2% = 98

              Thursday price = 7.830 * 98/100

                                        = 7.67.

The value of each share when trade opened on Friday = 7.67.