A share price starts at GBP 500, rises by 50%, and then falls by 10% of its new value. What is the price after both changes?
Answer and explanation
Correct answer: D. GBP 675
- Step 1: After the rise: 500 x 1.5 = 750. Step 2. After the fall: 750 x 0.9 = 675 pounds. Answer: GBP 675. Why not the others: GBP 700 treats the changes as a net 40% on the starting price; GBP 750 stops after the rise; GBP 740 takes off 10 pounds instead of 10%.
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