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The stock price for JSR was $49.08 in April, In May the stock has decreased by 7% but in June the price fell by 7% what was the price of JSR stock in June? Round your answer to the nearest cent.

Sagot :

The stock price for JSR in April was 49.08. If this fell by 7% in May, then we would have the following;

[tex]\begin{gathered} \text{April}=49.08 \\ \text{May}=49.08-(49.08\times0.07) \\ \text{May}=49.08-3.44 \\ \text{May}=45.64 \end{gathered}[/tex]

Also, if the price fell by 7% in June, we would have the following as well;

[tex]\begin{gathered} \text{May}=45.64 \\ \text{June}=45.64-(45.64\times0.07) \\ \text{June}=45.64-3.19 \\ \text{June}=42.45 \end{gathered}[/tex]

Rounded to the nearest cent, this becomes;

[tex]\text{June}\approx42.5[/tex]

ANSWER:

Therefore the price for JSR in June was $42.50

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