The price of the stock decreases Rs. 95 per day for five consecutive days.
What was the total change in value of the stock over a 7 day period?
Answers
This is the answer
Given :- The price of the stock decreases Rs. 95 per day for five consecutive days. What was the total change in value of the stock over a 7 day period ?
Solution :-
Let us assume that, the price of stock is Rs.x
given that,
→ stock price daily decreases by = Rs.95
and,
→ Number of consecutive days = 5
so,
→ Total price of stock decreases in 5 days = 95 * 5 = Rs.475 .
then,
→ After 5 consecutive days price of stock = Rs.(x - 475)
therefore,
→ Total change in value of stock = New price - Original price = (x - 475) - x = Rs.(-475)
{ Here, Negative sign shows that the stock decreases. }
hence, the total change in value of the stock over a 7 day period is Rs.475 .
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