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17 September, 17:49

Bill buys a stock that decreases by 20% on the first day, and then on the second day the stock increases by 30% of its value at the end of the first day. What was the overall percent increase in Bill's stock over the two days?

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  1. 17 September, 18:18
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    4%

    Step-by-step explanation:

    Let the stock be $10

    A 20% decline = 80/100 * 10

    = 8

    A 30% increase = 30/100 * 8

    = 2.4 + 8 = 10.4.

    Overall increase = 10.4 - 10 = 0.4

    Percentage overall increase = 0.4/10 * 100

    = 4%
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