The share price of a bank decreased by 5% on the 15th of November, but increased by 10% of the next day. What was the overall rate of loss or gain?
Created: 6 years ago |
Updated: 2 years ago
best des
Let the initial share price be S.
Decreased share price = S - 5% of S = 0.95S
Increased share price = 0.95S + 10% of 0.95S = 1.045S
So, gain percentage = (1.045S - S) / S x 100% = 4.5%
Md Azizur Rahman
Founder of Satt
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