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10. Jan purchased 140 shares of stock in the ABC Company at a price of $18.75 per share. During the
next three days, the value declined by $1.00, $1.75 and $1.50. What was the value of a share of ABC
stock at the end of three days?

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Starrysoul100

[tex]\bold{\huge{\orange{\underline{ Solution }}}}[/tex]

[tex]\bold{\underline{ Given :- }}[/tex]

  • Jan purchased 140 shares of stock in ABC company at a price of $18.75 per share
  • During the next 3 days, the value of share declined by $1.00 , $1.75 and $1.50

[tex]\bold{\underline{ To \: Find :- }}[/tex]

  • We have to find the value of a share of ABC stock at the end of 3 days

[tex]\bold{\underline{ Let's \: Begin :- }}[/tex]

According to the question,

Cost of 1 share of ABC company = $18.75

Therefore,

Cost of 140 shares purchased by Jan in the ABC company

[tex]\sf{ = 140 × 18.75 }[/tex]

[tex]\sf{ = 2625\: dollars }[/tex]

Now,

For next 3 days, the value of share declined

[tex]\sf{ = (1 + 1.75 + 1.50)dollars }[/tex]

[tex]\sf{ = 4.25 \: dollars }[/tex]

Therefore,

The value of shares after 3 days will be

[tex]\bold{ = }{\bold{\frac{2625 - 4.25}{ 140}}}[/tex]

[tex]\bold{ = }{\bold{\frac{ 2620.75}{ 140}}}[/tex]

[tex]\bold{\red{ = 18.75\: dollars}}[/tex]

Hence, The value of share after 3 days will be $18.75 .

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