SOLUTION: Ann's stock was worth 28.25 a share when the stock market opened for the day, and its value went down 3/8 during the day. If the amounts are in dollars, how many dollars were her 4

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Question 1008307: Ann's stock was worth 28.25 a share when the stock market opened for the day, and its value went down 3/8 during the day. If the amounts are in dollars, how many dollars were her 40 shares of stock worth at the end of the day?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
If the stock went down +3%2F8+, then there is
+5%2F8+ of the stock left
+%285%2F8%29%2A40%2A28.25+=+706.25+
Her 40 shares are worth $706.25