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Suppose a stock drops in value by 60% one week, then increases in value the next week by 75%. Is the value higher or lower than where it started

Respuesta :

rococo908

Answer:

Lower

Step-by-step explanation:

Use the number 100 to see how the value changes:

First, calculate the 60% drop:

100(0.4)

= 40

Then, calculate the 75% increase:

40(1.75)

= 70

So, since 70 is smaller than 100, the value is lower than where it started.

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