HELP THIS IS FOR A TIMED TEST

Luis bought the stock at $85.00. The next day, the price increased by $15.25. This new price changed by −6 3/4% the following day. What was the final stock price, rounded to the nearest cent? Is your answer reasonable? Complete the explanation.

The final stock price is $____. The price on day 3 (is/is not approximately or is approximately)equal to $94, so my answer (is not/ is)reasonable.

Respuesta :

Answer:

Final price $93.50

Step-by-step explanation:

cost + increase = new price

85 + 15.25 = 100.25

new price - price change = new value

100.25 - 100.25(.0675) = new value

100.25 - 6.766875 = 93.483125

Round to nearest cent: 93.5