Question

The of share of stock s the day at $37. During went down price the day it $3, up $1, down $7, and up $4. What was the price of a share at the end of the day?

Answer 1

Price of share at the end of the day `color(brown)($ 32`

Explanation:

Initial price of the share = p_s = $ 37#

Price down during the day `d = 3 + 7 = $ 10`

Price up during the day =u = 1 + 4 = $ 5#

Net drop during the day `= d_n = 10 - 5 = $ 5`

Price of the share at the end of the day `= p_e = p_s - d_n= 37 - 5 =color(brown)($ 32`