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 ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> 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      Log On


   

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) About Me  (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.

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    - 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
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