Question

On Monday the value of company's share was rupees 7.50. The price increased by 6 % on Tuesday decreased by 1.5 percent on Wednesday and decreased by 2% on Thursday find the value of each share when trade open on Friday

Answer 1

$\textbf {Hey there, here is the solution.}$

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Price on Monday = Rs 7.50 (Given)

.

Find the price on Tuesday:

Increase of 6% = 6% x 7.5 = 0.06 x 7.5 = Rs 0.45

Price on Tuesday = 7.5 + .045 = Rz 7.95

.

Find the price on Wednesday:

Decrease of 1.5% = 1.5% x 7.95 = 0.015 x 7.95 = Rs 0.12

Price on Wednesday = 7.95 - 0.12 = Rs 7.83

.

Find the price on Thursday:

Decrease by 2% = 2% x 7.83 = 0.02 x 7.83 = Rs 0.16

Price after decrease = 7.83 - 0.16 = Rs 7.67

.

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Answer: The price opens at Rs 7.67 on Friday.

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⭐$\textbf {Cheers}$⭐

Answer 2

$<b><i><u>Answer :</u>$

The value of a company’s shares on Monday = Rs. 7.50

To find the value of a company’s shares on Tuesday,

Value on Monday = Rs. 7.50

% Increase = 6% of 7.50

$\to\dfrac{6}{100}×7.50$

= 0.45

$<u>Value on Tuesday = Value on Monday + value on Increase percentage</u>$

= 7.50+0.45

= Rs. 7.95

∴ The Value on Tuesday is Rs. 7.95

To find the value of a company’s shares on Wednesday,

Value on Tuesday = Rs. 7.95

% decrease = 1.5% of 7.95

$\to\dfrac{1.5}{100}×7.95$

= 0.11925

$<u>Value on Wednesday = Value on Tuesday - value on decrease percentage</u>$

= 7.95-0.11925

= Rs. 7.83075

∴ The Value on Wednesday is Rs. 7.83075

Value on Thursday = Rs. 7.83075

% decrease = 2% of 7.83075

$\to\dfrac{2}{100}×7.83075$

= 0.156

Value on Thursday = Value on Wednesday - value on decrease percentage

= 7.83075-0.156

= $\bold{\boxed{Rs. 7.674}}$

∴ The Value on Thursday is Rs. 7.674

The value of share when opened on Friday is equal to the Thursday’s closing price.

∴ $<u>$The opening Value of the share on Friday is Rs. 7.674