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3 September, 07:06

John buys 100 shares of stock at $100 per share. the price goes up by 10% and he sells 50 shares. then prices drop by 10% and he sells his remaining 50 shares how much did he get for the last 50?

a. $5000

b.$4900

c.$5050

d.$4950

e.$5500

+2
Answers (1)
  1. 3 September, 07:09
    0
    100*100==10000

    Goes up

    50 * (1+0.1) * 100=5500

    Goes down

    50 * (1-0.1) * 110=4950 ... answer
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