SOLUTION: A man owns stock valued at $2600. One day the stock drops by 7%, and then gains the same percentage back the next day. How much money is the stock valued at the end of the second d

Algebra.Com
Question 1123026: A man owns stock valued at $2600. One day the stock drops by 7%, and then gains the same percentage back the next day. How much money is the stock valued at the end of the second day?
Answer by ikleyn(52847)   (Show Source): You can put this solution on YOUR website!
.
2600*(1-0.07)*(1+0.07) = 2600*0.93*1.07.


Use your calculator.

------------------

On percentage,  see the lessons
    - Percentage problems
    - Percentage word problems (Type 1 problems, Finding the Part)
    - Percentage word problems (Type 2 problems, Finding the Rate)
    - Percentage word problems (Type 3 problems, Finding the Base)
    - More complicated percentage problems
    - Problems on percentage that lead to unexpected results
in this site.

They are written specially for you.

Read them and become an expert in this area.


RELATED QUESTIONS

A man owns stock valued at $2600. One day the stock drops by 9% and then gains the same... (answered by Theo)
A man owns stock valued at $2000. One day the stock drops by 7% and then gains the same... (answered by mananth,MathTherapy)
A man owns stock valued at $2800. One day the stock drops by 6%, and then gains the same... (answered by Alex.33)
A woman owns stock valued at $2500. One day the stock drops by 6%, and then gains the... (answered by ikleyn)
Pho Lin has investments in EBay and Amazon stock. On March 9, 2007, EBay stock closed at... (answered by mbmodak)
Pho lin has investments in ebay and amazon stock. On match 9,2007, ebay stock closed at... (answered by ikleyn)
at the close of one business day, a company's stock was trading at $24 a share. at the... (answered by Alan3354)
a stock starts the day at $27 3/8 per share. if it drops $2 1/2 durning the day, what is... (answered by josmiceli)
On January 5, a stock loses 25% of its previous days value. The next day, January 6, it... (answered by Alan3354)