What was the final stock price rounded to the nearest cent

Question

Luis bought stock at $81.60. The next day, the price increased $19.55. 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.

 

Answer 1

The stock price was $81.60, then it increased by $19.55, which makes it $101.15. Then the price went down $6.83 (6 3/4% x $101.15). Now the final stock price is $94.32 ($101.15 - $6.83).