On Monday, the value of a company’s shares was Rs. 7.50. The price increased by 6% on Tuesday, decreased by 1.5% on Wednesday, and decreased by 2% on Thursday. Find the value of each share when trade opened on Friday.
The value of a company’s shares on Monday = Rs. 7.50
To find the value of a company’s shares on Tuesday,
Value on Monday = Rs. 7.50
% Increase = 6% of 7.50
= 0.45
Value on Tuesday = Value on Monday + value on Increase percentage
= 7.50+0.45
= Rs. 7.95
∴ The Value on Tuesday is Rs. 7.95
To find the value of a company’s shares on Wednesday,
Value on Tuesday = Rs. 7.95
% decrease = 1.5% of 7.95
= 0.11925
Value on Wednesday = Value on Tuesday - value on decrease percentage
= 7.95-0.11925
= Rs. 7.83075
∴ The Value on Wednesday is Rs. 7.83075
Value on Thursday = Rs. 7.83075
% decrease = 2% of 7.83075
= 0.156
Value on Thursday = Value on Wednesday - value on decrease percentage
= 7.83075-0.156
= Rs. 7.674
∴ The Value on Thursday is Rs. 7.674
The value of share when opened on Friday is equal to the Thursday’s closing price.
∴ The opening Value of the share on Friday is Rs. 7.674
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