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
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9
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))
Wednesday - 7.38
(7.5-(7.5*1.5/100))
Thursday - 6.(7.5-(7.5*2/100))
Answered by
23
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.
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.
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