If the Dow Jones Industrial Average is at 10,205 and it is up 4% from the previous day, what was the index at the close of the market the previous day?

Question

Quizplus · Accepted Answer

To find the index at the close of the market the previous day, we need to divide the current value by (100% + the percent increase) and multiply by 100%.

So, (10,205 / 104) x 100 = 9812.5.

Therefore, the index at the close of the previous day was 9,812.5. The correct answer is option C.

If the Dow Jones Industrial Average Is at 10,205 and It