In 3 successive years the price of the common shares of Abysmal Resources Ltd. fell 35%, 55%, and 80%, ending the third year at 75 cents.
a) What was the share price at the beginning of the 3-year skid?
b) How much (in dollars and cents) did the share price drop in the third year?

Question

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The Answer of In 3 successive years the price of the common shares of Abysmal Resources Ltd. fell 35%, 55%, and 80%, ending the third year at 75 cents.
a) What was the share price at the beginning of the 3-year skid?
b) How much (in dollars and cents) did the share price drop in the third year?

In 3 Successive Years the Price of the Common Shares