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Popular Word Problems >

If you bought a stock last year for a price of 33, and it has gone down 4% since then, how much is the stock worth now, to the nearest cent?

Solución

I f yo u b o ug h t a s t oc k l a s t ye a r f or a p r i ce o f 33, an d i t ha s g o n e d o w n 4% s in ce t h e n, h o w m u c h i s t h e s t oc k w or t h n o w, t o t h e n e a res t ce n t ?

Solución

Amount after reduction : 31.68

Pasos de solución

Translate the problem into an equation:

x = 33 - 0.04 \cdot 33

x = 33 - 0.04 \cdot 33 : x = 31.68

Amount after reduction : 31.68

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