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Luis bought stock at $66.80. The next day, the price increased $13.85. This new price changed by −2 3 /4 % the following day. What was the final stock price, rounded to the nearest cent? ?

  • calculista: we know that
    1) Luis bought stock at ---------------> $66.80
    2) 
    The next day, the price increased $13.85--------> $66.80+$13.85=$80.65
    3) 
    This new price changed by −2 3 /4 % the following day
    2 3/4%----> (2*4+3)/4----> 11/4 %----> 2.75%
    so
    (100%-2.75%)-----> 97.25%
    t
    he final stock price is $80.65*0.9725-----> $78.43

    the answer is 
    $78.43

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