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 1.15(0.95d). which description could explain what happened to the price of the share of stock
By simplifying the given expression representing the selling price of the same stock, we get an answer of,
1.15(0.95d) = 1.0925d
The result above shows that the share of the stocks increased value by 0.0925d where d is the original price.
Answer:
The price was first discounted by 5% and then the price was increased by 15%
Step-by-step explanation:
Original selling price of a share of stock = d dollars
Now, the selling price for a share of the same stock is represented by the equation : 1.15·( 0.95 × d)
Multiplication of the selling price d by 0.95 represents that the original price was discounted by 5% therefore, d was multiplied by 100 - 5 = 95%
After that the resulting price is again multiplied by 1.15
Which shows that the price is increased by 15% because the actual was 100% after increase of 15% it becomes 115% or 1.15 times
Hence, the price was first discounted by 5% and then the price was increased by 15%