Studdy AI Logo
Math

QuestionA stock lost 7187 \frac{1}{8} on Monday, 1781 \frac{7}{8} on Tuesday, and gained 13 on Wednesday. What is the net change?

Studdy Solution

STEP 1

Assumptions1. The stock lost 7187 \frac{1}{8} points on Monday. . The stock lost another 1781 \frac{7}{8} points on Tuesday.
3. The stock gained13 points on Wednesday.
4. We need to calculate the net gain or loss over these three days.

STEP 2

First, we need to add up the points lost on Monday and Tuesday.Total loss=Monday loss+Tuesday lossTotal\, loss = Monday\, loss + Tuesday\, loss

STEP 3

Now, plug in the given values for the losses on Monday and Tuesday to calculate the total loss.
Total loss=718+178Total\, loss =7 \frac{1}{8} +1 \frac{7}{8}

STEP 4

Calculate the total loss.
Total loss=718+178=9Total\, loss =7 \frac{1}{8} +1 \frac{7}{8} =9

STEP 5

Now that we have the total loss, we can subtract this from the gain on Wednesday to find the net gain or loss.
Net gain or loss=Wednesday gain−Total lossNet\, gain\, or\, loss = Wednesday\, gain - Total\, loss

STEP 6

Plug in the values for the gain on Wednesday and the total loss to calculate the net gain or loss.
Net gain or loss=13−9Net\, gain\, or\, loss =13 -9

STEP 7

Calculate the net gain or loss.
Net gain or loss=13−9=4Net\, gain\, or\, loss =13 -9 =4The stock had a net gain of4 points over these three days.

Was this helpful?

Studdy solves anything!

banner

Start learning now

Download Studdy AI Tutor now. Learn with ease and get all help you need to be successful at school.

ParentsInfluencer programContactPolicyTerms
TwitterInstagramFacebookTikTokDiscord