Math Problem Statement

the closing price of a stock gained 8 points on Monday, lost 6 points on Tuesday, lost 1 point on Wednesday, gained 4 points on Thursday and lost 5 points on Friday. what was the net gain or loss for the week?

Solution

To find the net gain or loss for the week, we need to add up the daily changes in the stock's closing price:

  1. Monday: Gained 8 points (+8+8)
  2. Tuesday: Lost 6 points (6-6)
  3. Wednesday: Lost 1 point (1-1)
  4. Thursday: Gained 4 points (+4+4)
  5. Friday: Lost 5 points (5-5)

Now, sum all these changes:

861+45=08 - 6 - 1 + 4 - 5 = 0

The net gain or loss for the week is 0 points, meaning there was no net change in the stock's closing price for the week.

Would you like more details or have any other questions?

Here are 5 related questions to explore further:

  1. What would the net change be if the stock had gained 3 more points on Friday?
  2. If the stock gained 2 points every day of the week, what would the total gain be?
  3. How much would the stock need to gain or lose on the following Monday to have a positive net gain for the two weeks combined?
  4. If the stock starts the next week with a loss of 4 points on Monday, what would the cumulative change be including the previous week?
  5. What was the average daily change in the stock’s price over the week?

Tip: Summing daily gains and losses over a period helps determine the overall trend and performance of a stock or any similar metric!

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Arithmetic
Addition
Subtraction

Formulas

-

Theorems

-

Suitable Grade Level

Grades 3-5