Question

the value of a company share was Rs 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 open on Friday

Answer 1

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