Math Problem Statement
Solution
The problem in the image asks for the total change in the value of the All-Plus stock after it dropped by an additional fraction of its previous day's change. Here's how to calculate it step by step:
Given Information:
- The change in All-Plus stock on the first day = .
- The next day, the stock dropped by of the previous day's change.
Solution:
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Calculate the change on the second day:
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Find the total change: Add the changes from both days:
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Round to the nearest cent: rounded to the nearest cent is .
Final Answer:
The total change in the value of the All-Plus stock is .
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Related Questions:
- How do you calculate percentage changes in stock values?
- What are other ways to interpret fractional changes in values?
- How would you apply this method to calculate profits instead of losses?
- What happens if the fractional change is applied in reverse (an increase instead of a drop)?
- How does rounding affect financial calculations?
Tip:
When calculating financial changes, always ensure to round appropriately to match the currency's smallest unit (e.g., cents in dollars).
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Math Problem Analysis
Mathematical Concepts
Arithmetic
Fractions
Financial Math
Formulas
Change on second day = Fraction × Previous day's change
Total change = First day's change + Second day's change
Theorems
Basic Arithmetic Operations
Suitable Grade Level
Grades 6-8