skinnyminnyy skinnyminnyy

08-04-2017
Mathematics

contestada

john buys 100 shares of stock at $100 per share. the price goes up by 10% and he sells 50 shares. then prices drop by 10% and he sells his remaining 50 shares how much did he get for the last 50?
a. $5000
b.$4900
c.$5050
d.$4950
e.$5500

Respuesta :

Aliwohaish12 Aliwohaish12

08-04-2017

100*100==10000
Goes up
50*(1+0.1)*100=5500
Goes down
50*(1-0.1)*110=4950....answer

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