You purchased a stock on Monday for $24 per share. 1. On Tuesday, the stock price was $36 per share. What was the percent increase? 2. On Wednesday, the sto
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Question
You purchased a stock on Monday for $24 per share. 1. On Tuesday, the stock price was $36 per share. What was the percent increase? 2. On Wednesday, the stock price had a percent decrease of 50%. What was the new stock price?
1 Answer

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#1
36  24 = 12
12/24x100 = 50%
It was increased 50%
#2
Tuesday stock price was $36, decrease 50%
New price would be 36/2 = $18