One thousand shares of Luis Inc. Were purchased at Tk. 8.75 per share. The share price rose 215% in the first year after purchase, dropped 40% in the second year, and then dropped another 20% in the third year. What is the price per share at the end of the third year?
Created: 6 years ago |
Updated: 2 years ago
best des
the price per share at the end of the first year = 8.75 x (215 + 100)/100
the price per share at the end of the second year = 8.75 x (215 + 100)/100 x (100 - 40)/100
the price per share at the end of the third year = 8.75 x (215 + 100)/100 x (100 - 40)/100 x(100 - 20)/100
= 8.75 x 315/100 x 60/100 x 80/100
= 13.23 tk (ans)
Md Azizur Rahman
Founder of Satt
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