**A pharmaceutical company’s stock price was $50.33 on Monday. On Tuesday, the price went up $2.35. On Wednesday, the price decreased from Tuesday’s price by $1.07. On Thursday, the price went up $0.75 from Wednesday’s price. Which of the following was the final price on Thursday?**

$54.50

$53.43

$52.36

$50.86

*Correct Answer : C*

We need to find the price changes in each day of the week in order to find the price of the stock on Thursday.

Monday’s price was $50.33

Tuesday’s price went up by $2.35 from Monday’s price. The price was $(50.33+2.35)=$52.68

Wednesday’s price decreased by $1.07 from Tuesday’s price, and so the price of the stock was $(52.68-1.07)=$51.61

Thursday’s price increased by $0.75 from Wednesday’s price, which was $(51.61+0.75)=$52.36

Therefore, the price of the stock on Thursday was $52.36.

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