Math Problem Statement

Solve the problem.

The stock market gained 6 points on Tuesday and lost 58 points on Wednesday. It had closed on Monday at 2648 points. Where did the market close on Wednesday?

Solution

To solve this problem, we need to calculate the stock market's closing point on Wednesday, given the changes that occurred on Tuesday and Wednesday.

Step-by-step Solution:

  1. Determine the closing point on Tuesday:

    • The market gained 6 points on Tuesday.
    • It had closed at 2648 points on Monday.

    So, the closing point on Tuesday was: Tuesday’s closing=2648+6=2654 points\text{Tuesday's closing} = 2648 + 6 = 2654 \text{ points}

  2. Calculate the closing point on Wednesday:

    • The market lost 58 points on Wednesday.
    • It had closed at 2654 points on Tuesday.

    Therefore, the closing point on Wednesday was: Wednesday’s closing=265458=2596 points\text{Wednesday's closing} = 2654 - 58 = 2596 \text{ points}

Final Answer:

The stock market closed at 2596 points on Wednesday.

Would you like more details, or do you have any questions?

Related Questions:

  1. If the market gains 10 points on Thursday, what will be the closing point?
  2. How many points does the market need to gain to return to Monday's closing value after Wednesday?
  3. What is the percentage change in the market from Monday to Wednesday?
  4. If the market continues to lose 20 points per day, what will be the closing point after two more days?
  5. What would be the closing point if instead of losing 58 points, the market had lost only 30 points on Wednesday?

Tip: Always keep track of changes step-by-step to avoid errors in calculations, especially in multi-day market changes.

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Math Problem Analysis

Mathematical Concepts

Arithmetic
Addition
Subtraction

Formulas

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Theorems

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Suitable Grade Level

Grades 4-6