The price of the stock decreases Rs. 45 per day for four consecutive days. What was the total change in value of the stock after 4 days?
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The price of the stock decreases Rs. 45 per day for four consecutive days. What was the total change in value of the stock after 4 days?
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Answer:
Decrease in given stock price daily = 45 rs. (Given)
Number of days = 4 (Given)
Let the price of stock be = x
The price of a stock decreases by Rs.45 per day.
So, for four days, the value of the stock will fall by = 45 × 4 = 180
or
After 4 consecutive day price of stock = x-180
net change = current price - actual price
= x- 180 - x
= -180 rupees
Negative sign depicts the decrease in price.
Thus, after four consecutive days stock price will decrease by 180 rupees.