Question

Stock sold at 23 7/8 at the start of

trading. It was up 3 1/2 points at the
end of trading. What was the price
at the end of trading?

Answer 1

To solve the problem, we need to add 23 7/8 and 3 1/2 to find the final price.

First, we need to convert 3 1/2 to an improper fraction:

3 1/2 = (2 x 3) + 1/2 = 7/2

Next, we need to find a common denominator between 8 and 2:

8 = 8/1

2 = 2/1 x 4/4 = 8/4

Now we can add the two fractions:

23 7/8 + 3 1/2

= 23 14/16 + 3 8/16 (using 16 as the common denominator)

= 27 6/16

= 27 3/8

Therefore, the stock was priced at $27 3/8 at the end of trading.