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Question 3
the stock market crash of 1929 saw many share prices collapse to a fraction of their previous value. the worst period for this were the two
days monday, october 28 and tuesday, october 29 in which the dow jones industrial average dropped by a total of 25% to a value of 198
points. what was its value before the 2-day drop?

Sagot :

Using proportions, it is found that it's value before the 2-day drop was of 264 points.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

In this problem, the value dropped by 25%, that is, it was 75% of the original amount, and the dropped value was of 198 points, hence the original amount was:

0.75x = 198

x = 198/0.75

x = 264

More can be learned about proportions at https://brainly.com/question/24372153

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