SOLUTION: a stock starts the day at $27 3/8 per share. if it drops $2 1/2 durning the day, what is its closing value ?

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Question 311887: a stock starts the day at $27 3/8 per share. if it drops $2 1/2 durning the day, what is its closing value ?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
How many 1/8's in 1/2?
%281%2F2%29%2F%281%2F8%29+=+4
27+-+2+=+25
3%2F8+-+4%2F8+=+-1%2F8
25+-+1%2F8 = 24 7/8