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The cost of a share for a company was $14$14. The share price decreased by 10%10% during the day.  Calculate the share price of the company at the end of the day.

Question

The cost of a share for a company was 141414. The share price decreased by 10%10% during the day.  Calculate the share price of the company at the end of the day.

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Solution

To calculate the share price of the company at the end of the day, follow these steps:

  1. Understand that a 10% decrease means that the share retains 90% of its original value.

  2. Convert the percentage to a decimal by dividing by 100. So, 90% becomes 0.90.

  3. Multiply the original share price by this decimal.

So, 140.90=14 * 0.90 = 12.60

Therefore, the share price of the company at the end of the day is $12.60.

This problem has been solved

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