Question

The price of one share in a stock market falls by $\$3$ each day for $9$ days. How much value does one share of the stock lose after $9$ days?

• A. $\$18$
• B. $\$9$
• C. $\$27$
• D. $\$36$

Answer 1

The correct option is C $\$27$

Each day the price of one share of the stock market goes down by $\$3$, and it continues for $9$ days. We can represent this falling of share price by $-\$3$.

After $9$ days, the price of one share of the stock has gone down by $-\$3\times 9=-\$27$.

Hence, one share of the stock would lose $\$27$ after $9$ days if it's price loses $\$3$ on each day.

$\therefore$ Option (c.) is the correct choice.