HELP ME PLEASE ASAP!!!!!: Stock worth $60 a share dropped in value by 20% on Monday. Then, it dropped again by $10 the next Tuesday and, finally, increased by 55% the following Friday. What was the final price of a share?

Question
Answer:
Answer:$58.9 Step-by-step explanation:In this question, we're going to go step by step to get the final price of the share. We know that the stock started off as $60 per share, so that would be our starting value. The stock dropped by 20%, so let's calculate the drop in price. 60 β€’ 0.20 = 12 60 - 12 = 48 On Monday, the value of the stock was $48 On Tuesday, the stock dropped by $10, so calculate that drop as well 48 - 10 = 38 On Tuesday, the stock value is at $38 The stock increased by 55%, so we need to calculate the increase. 38 β€’ 1.55 = 58.9 This means that the final price of the share was $58.9
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general 5 months ago 3396