Luis bought stock at $67.30. The next day, the price increased $14.50. This new price changed by -3 3/4% the following day. What was the final stock price, rounded to the nearest cent?

Answer:The final stock price bought by Luis is $51.01.Step-by-step explanation:The initial price of the stock = $67.50The decrease in the price, next day = $14. 50So, Price of the stock the next Day  = Initial Amount - The reduced Amount                                                              = $67.50 - $14. 50 = $53or the amount of stock the next day = $53Now, the new change in price of stock = -3 3/4%3 3/4% = (3 + 3/4)%  = 3.75%Calculating 3.75% of $53[tex]\frac{3.75}{100}  \times 53 =1.9875[/tex]or, -3 3/4%  is - $1.9875So, the Final stock price = $53 - $1.9875                                          = $51.01Hence, the final stock price bought by Luis is $51.01.