A technology stock sold for $80 a share, the price then dropped 60%. What is the price of the share?
2007-08-02 03:34:27 · 10 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
80 less 60% =
80 - (80 * (60 / 100)) =
80 - 48 =
32
The new price is $32 after a 60% drop.
2007-08-02 03:38:32 · answer #1 · answered by McFate 7 · 0⤊ 0⤋
The price dropped by 60% so the new price would be 40% of that $80 which is $32
2007-08-02 03:38:42 · answer #2 · answered by Alexis P 2 · 0⤊ 0⤋
If the price dropped 60% then the current value of the share is 100-60=40% of the initial value.
(40*80)/100=4*8=$32
2007-08-02 03:38:17 · answer #3 · answered by Shadow 3 · 0⤊ 0⤋
Let x be the share
x( 1-.6) = 80
x(.4) = 80
x = $200
2007-08-02 03:43:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
80 * .6 = 48
since it dropped:
80-48 = 32.
2007-08-02 03:38:24 · answer #5 · answered by flit 4 · 0⤊ 0⤋
$32
2007-08-02 03:40:41 · answer #6 · answered by shubham_nath 3 · 0⤊ 0⤋
80 = 100 %
? = 40%
so we divide 80 by 100
and mulitple by 40
= 80 / 100 =0.8
=0.8* 40 = 32
2007-08-02 03:39:03 · answer #7 · answered by tom t 2 · 0⤊ 0⤋
60% = 3/5 = 0.6
im not going to give you the answer because you need to learn the basics if your gonna make it as a mathematical wizard ^_^
2007-08-02 03:40:52 · answer #8 · answered by dark_massiah 3 · 0⤊ 1⤋
$80x60%= $48
2007-08-02 03:41:57 · answer #9 · answered by Jim 2 · 0⤊ 0⤋
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2007-08-03 23:23:48 · answer #10 · answered by Anonymous · 0⤊ 0⤋