In three successive years the price of the common shares of Bedrock Resources Ltd. fell 40%, 60%, and 70%, ending the third year at 50 cents.
a) What was the share price at the beginning of the three-year skid?
b) How much (in dollars and cents) did the share price drop in the second year?

Question

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The Answer of In three successive years the price of the common shares of Bedrock Resources Ltd. fell 40%, 60%, and 70%, ending the third year at 50 cents.
a) What was the share price at the beginning of the three-year skid?
b) How much (in dollars and cents) did the share price drop in the second year?

In Three Successive Years the Price of the Common Shares