A pharmaceutical company's stock price was $50.33 on Monday. On Tuesday, the price increased by $2.35. On Wednesday, the price decreased by $1.07 from Tuesday's price. On Thursday, the price increased by $0.75 from Wednesday's price. What was the final price on Thursday?

Rationale

The final price on Thursday was $52.36.

To find the final price, we need to add and subtract the changes in the stock price to the initial price. We start with the initial price of $50.33, add $2.35 (the increase on Tuesday), subtract $1.07 (the decrease on Wednesday), and finally add $0.75 (the increase on Thursday).

A ($53.43) YOUR ANSWER

This would be the price if the stock had increased by $2.35 on Tuesday and then by $0.75 on Wednesday, without the decrease of $1.07. However, according to the question, there was a decrease of $1.07 on Wednesday, so this answer is incorrect.

B ($54.50) YOUR ANSWER

This choice could be the result of misunderstanding the changes in the stock price. It seems to be the result of adding all the changes (increases and decrease) together without properly applying them to the initial price. This does not accurately reflect the sequence of price changes described in the question.

C ($52.36) CORRECT

This is the correct answer. The price increases by $2.35 on Tuesday (resulting in a price of $52.68), decreases by $1.07 on Wednesday (resulting in a price of $51.61), and then increases by $0.75 on Thursday (resulting in the final price of $52.36).

D ($50.85) YOUR ANSWER

This price might be the result of incorrect calculations or misunderstanding the changes in the stock price. It seems to reflect an increase of $2.35 on Tuesday and a decrease of $1.07 on Wednesday, but without the final increase of $0.75 on Thursday.

Conclusion

The final stock price on Thursday was $52.36, after a series of increases and decreases throughout the week. This price was calculated by correctly applying each change to the previous day's price, starting from the initial price of $50.33 on Monday. The other options either incorrectly calculated the changes or did not apply all of them.

A pharmaceutical company's stock price was $50.33 on Monday. On Tuesday, the price increased by $2.35. On Wednesday, the price decreased by $1.07 from Tuesday's price. On Thursday, the price increased by $0.75 from Wednesday's price. What was the final price on Thursday?

The final price on Thursday was $52.36.

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