SOLUTION: On January 5, a stock loses 25% of its previous days value. The next day, January 6, it gains 25% of its previous days value. If the stock is worth $2,500 on January 6, what was

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Question 209596This question is from textbook Understanding Intermediate Algebra
: On January 5, a stock loses 25% of its previous days value. The next day, January 6, it gains 25% of its previous days value. If the stock is worth $2,500 on January 6, what was it on January 4? This question is from textbook Understanding Intermediate Algebra

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Jan 6 $2500
Jan 5 $2000
Jan 4 $2666.67