Answer:
a) 910
b) 1183
c) False
take these answers with a grain of salt, i cant guarantee accuracy but the process should be right?
Step-by-step explanation:
a)
Starting with 1300 dollars, we are given that the stock loses 30% of its value.
This means that we take 70% of 1300 as it is now at 70% of its value. This gives us 910.
b)
At 910 dollars, we are told that the stock's value rises by 30%, so if we multiply 910 by 1.3 or 130%, we get 1183. At this time, the stock is now worth 1183 dollars.
c)
It is false, as can be seen above a 30% loss followed by a 30% gain results in 91% of the original price. That's a 9% net loss.
This can be seen using variables, x -> 0.7x -> 0.7*1.3 x -> 0.91 x
