One thousand shares of Luis Inc. Were purchased at Tk. 8.75 per share. The share price rose 215% in the first year after purchase, dropped 40% in the second year, and then dropped another 20% in the third year. What is the price per share at the end of the third year?

A Tk. 13.23
B Tk. 8.75
C Tk. 7.00
D Tk. 8.25

Correct Answer: Tk. 13.23

the price per share at the end of the first year = 8.75 x (215 + 100)/100 the price per share at the end of the second year = 8.75 x (215 + 100)/100 x (100 - 40)/100 the price per share at the end of the third year = 8.75 x (215 + 100)/100 x (100 - 40)/100 x(100 - 20)/100                                                   = 8.75 x 315/100 x 60/100 x 80/100                                                   = 13.23 tk (ans)
Bissoy MCQ
#গণিত #Mercantile Bank Ltd #Mercantile Bank Ltd - Officer - 24.04.2009

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