Question

Benjamin bought a share of stock for p dollars the next day the value of the stock decreased by 50% on the third day Benjamin sold his share of stock of 10% more than its value on the second day did Benjamin gain or lose money on this on his share of stock how much did he gain or lose

Answer 1

Benjamin lose money on this share of stock and the amount of loss is
`0.45P` dollar

Step-by-step explanation

Original value of the share of stock is P dollar and on the next day, the value of the stock decreased by 50%. So...

The value of the stock on second day
`=P- (P*0.50)= P-0.50P =0.50P` dollar

Now on the third day, he sold the share at 10% more than its value on the second day.

So, the value on third day
`=0.50P+(0.50P*0.10)= 0.50P +0.05P = 0.55P` dollar

As the original value was P dollar and he sold the share at 0.55P dollar and
`0.55P< P`, that means he lose money on this share of stock and the amount of loss is
`(P-0.55P)dollar = 0.45P` dollar

Answer 2

He lose money 45% of the money.