The original selling price of a share of stock was d dollars. The selling price for a share of the same stock at a later date was represented by the expression 0.2(1.65d). Which description could explain what happened to the price of the share of stock?The price increased by 165% and then decreased by 0.8%The price increased by 65% and then decreased by 80%The price decreased by 0.2% and then increased by 65%The price decreased by 80% and then increased by 165%
Q. The original selling price of a share of stock was d dollars. The selling price for a share of the same stock at a later date was represented by the expression 0.2(1.65d). Which description could explain what happened to the price of the share of stock?The price increased by 165% and then decreased by 0.8%The price increased by 65% and then decreased by 80%The price decreased by 0.2% and then increased by 65%The price decreased by 80% and then increased by 165%
Interpretation of Expression: Understand the expression 0.2(1.65d). The expression 0.2(1.65d) can be interpreted as the original price d being increased by 65% to become 1.65d, and then this new price is multiplied by 0.2.
Calculate Percentage Increase: Calculate the percentage increase.To find the percentage increase, we look at the factor by which d is multiplied. The original price d is increased by 65% to become 1.65d.1+65%=1+0.65=1.65This confirms that the price increased by 65%.
Calculate Percentage Decrease: Calculate the percentage decrease.After the increase, the price is multiplied by 0.2. To understand this, we need to convert 0.2 into a percentage.0.2 as a percentage is 0.2×100%=20%.This means that the new price is 20% of the increased price, which is equivalent to a decrease of 80% from the increased price.
Combine Price Changes: Combine the changes to describe what happened to the price.The price of the stock first increased by 65% and then decreased by 80%.
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