A pharmaceutical company’s stock price was $45.32 on Monday. On Tuesday, the price went up $3.25. On Wednesday, the price decreased from Tuesday’s price by $1.73. On Thursday, the price went up $0.89 from Wednesday’s price. Which of the following was the final price on Thursday?
A. $46.84
B. $47.73
C. $45.23
D. $48.57
we need to find the price of the stock on Thursday.
First, find the price changes in each day of the week as follows:
Monday’s price was $45.32
Tuesday’s price went up by $3.25 from Monday’s price. The price was $(45.32+3.25)=$48.57
Wednesday’s price decreased by $1.73 from Tuesday’s price, and so the price of the stock was $(48.57-1.73)=$46.84
Thursday’s price increased by $0.89 from Wednesday’s price, which was $(46.84+0.89)=$47.73
Therefore, the stock price on Thursday was $47.73.
Therefore, the Correct Answer is B.
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