SOLUTION: please help me solve the equation: A certain stock starts the day at $27 three-eighths per share. If it drops $2 one- half during the day, what is its closing value?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: please help me solve the equation: A certain stock starts the day at $27 three-eighths per share. If it drops $2 one- half during the day, what is its closing value?      Log On


   

Question 175376: please help me solve the equation: A certain stock starts the day at $27 three-eighths per share. If it drops $2 one- half during the day, what is its closing value?
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
27 and 3/8=219/8
2 and 1/2=5/2 =20/8
219%2F8-20%2F8=199%2F8
:
which equals 24 and 7/8