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  • 07-05-2018
  • Mathematics
contestada

Luis bought stock at $66.80. The next day, the price increased $13.85. This new price changed by −2 3 /4 % the following day. What was the final stock price, rounded to the nearest cent? ?



Respuesta :

calculista
calculista calculista
  • 17-05-2018
we know that
1) Luis bought stock at ---------------> $66.80
2) 
The next day, the price increased $13.85--------> $66.80+$13.85=$80.65
3) 
This new price changed by −2 3 /4 % the following day
2 3/4%----> (2*4+3)/4----> 11/4 %----> 2.75%
so
(100%-2.75%)-----> 97.25%
t
he final stock price is $80.65*0.9725-----> $78.43

the answer is 
$78.43

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