An energy company’s stock price was $65.50 on Monday. On Tuesday, the price went up $1.50. On Wednesday, the price decreased from Tuesday’s price by $2.57. On Thursday, the price went up $2.25 from Wednesday’s price. Which of the following was the final price on Thursday?
$66.68
$65.79
$67.00
$64.43
Correct Answer : A
We are tasked to find the stock price on Thursday from the given information. Here, we need to find the stock of each day from the price increase or decrease. If the price increases, we add to the previous day’s price and subtract if the price decreases.
Monday’s stock price=$65.50
Tuesday’s stock price is Monday’s plus $1.50=65.50+1.50=$67.00
Wednesday’s stock price went down by $2.57 from Tuesday’s=67.00-2.57=$64.43
Thursday’s stock price went up by $2.25 from Wednesday’s =64.43+2.25=$66.68
From the above evaluation, the stock price on Thursday was $66.68
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