Problem

the price per share of a technology stock drops $\$ 0.29$ on ewch of four consecuitive days, and then increases $\$ 0.38$ on the fifth day. what is the total price change per share during the five davs

Solution

Step 1 :Let's denote the original price of the stock as \(x\).

Step 2 :On each of the first four days, the stock drops by \$0.29, so the total drop in price over these four days is \(4*0.29 = \$1.16\).

Step 3 :So, at the end of the fourth day, the price of the stock is \(x - 1.16\).

Step 4 :On the fifth day, the stock increases by \$0.38, so the price at the end of the fifth day is \((x - 1.16) + 0.38 = x - 0.78\).

Step 5 :Therefore, the total price change per share during the five days is \(x - 0.78 - x = -0.78\).

Step 6 :So, the total price change per share during the five days is \(\boxed{-\$0.78}\). This means the stock has decreased by \$0.78 over the five days.

From Solvely APP
Source: https://solvelyapp.com/problems/43225/

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