SOLUTION: You bought $50 worth of stock. It went up 10% in the first month and then down 10% in the second month. How much was your stock worth by the end of the second month?

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Question 920589: You bought $50 worth of stock. It went up 10% in the first month and then down 10% in the second month. How much was your stock worth by the end of the second month?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
50 + .10(50) = 55
...
55 - 5.50 = 49.50, its worth by the end of the second month