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The value of a certain stock rose by 40 percent from March t
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08 Sep 2019, 02:06
08 Sep 2019, 02:06
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Question Stats:
93% (00:58) correct
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The value of a certain stock rose by 40 percent from March to April, and then decreased by 30 percent from April to May. The stock’s value in May was what percent of its value in March?
A. 90%
B. 98%
C. 110%
D. 130%
E. 142%
Kudos for the right answer and explanation
A. 90%
B. 98%
C. 110%
D. 130%
E. 142%
Kudos for the right answer and explanation
Re: The value of a certain stock rose by 40 percent from March t
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12 Sep 2019, 22:57
12 Sep 2019, 22:57
1
let us take the price of stock as 100 in march for convenience as we can easily get a percentage directly. There was a increase in its price and then a decrease so the final price would be \(100*1.4*0.7 = 98\)
Re: The value of a certain stock rose by 40 percent from March t
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25 Sep 2024, 14:49
25 Sep 2024, 14:49
amorphous wrote:
let us take the price of stock as 100 in march for convenience as we can easily get a percentage directly. There was a increase in its price and then a decrease so the final price would be \(100*1.4*0.7 = 98\)
The Question is Asking _The stock’s value in May was what percent of its value in March?...But 98 is the Price of Product in the May..
In my Opinion..% need to be calculated?
98/140*100
.
.
Rest Clarify me ..If i Am Wrong..?
