Answered

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On Monday one share of stock in a computer company cost $58. On Tuesday, the value of a share dropped by $32. On Wednesday, the value of a share quadrupled. On Thursday, the value of a share was $19 less than on Wednesday. On Friday the value of a share was one-fifth of what it was on ThursdayPart A- How much was the stock worth on Friday?Part B- Mr. Cane owns some shares of this stock He wants to sell ti on the day it has the greatest profit. On what day should Mr. Cane sell his stock. - Explain your answer

Sagot :

Given:

On Monday one share of stock in a computer company cost $58

On Tuesday, the value of a share dropped by $32

So, The cost = 58 - 32 = $26

On Wednesday, the value of a share quadrupled

So, the cost = 4 x 26 = $104

On Thursday, the value of a share was $19 less than on Wednesday

So, the cost = 104 - 19 = $85

On Friday the value of a share was one-fifth of what it was on Thursday

So, the cost = 1/5 x 85 = 17

Part A- How much was the stock worth on Friday?

So, the answer will be the stock worth $17

Part B: Mr. Cane owns some shares of this stock He wants to sell it on the day it has the greatest profit. On what day should Mr. Cane sell his stock?

As shown from the above steps, the greatest profit is on Wednesday

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