SOLUTION: A man owns stock valued at $2800. One day the stock drops by 6%, and then gains the same percentage back the next day. How much money is the stock valued at the end of the second d
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Question 1122455: A man owns stock valued at $2800. One day the stock drops by 6%, 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 Alex.33(110) (Show Source):
You can put this solution on YOUR website! [2800*(1-6%)](1+6%)=2789.92 dollars.
That's it. 'Drop/Gain 6 percent' means the price increases/decreases by 6% of the price before this increase/decrease.
