Answer: The net gain was 3 stocks for these three days.
Explanation
Given
• Monday: lost 8 and 3/8.
,• Tuesday: lost 1 and 5/8 points.
,• Wednesday: gained 13 points.
Procedure
To calculate the net gain, we have to add all the values we are giving, considering that the stock lost will have a negative sign:
[tex]\text{Net gain}=Gains-losses[/tex]0. Calculating the losses
We have to mixed numbers, for which we can add the whole numbers and the fractions separately.
• Whole numbers
[tex]-8-1=-9[/tex]• Fractions
[tex]-\frac{3}{8}-\frac{5}{8}=-\frac{8}{8}=-1[/tex]At last, we add both results and we get the losses:
[tex]losses=-9-1=-10[/tex]2. Calculating the gains
As we only have one quantity, there is no need for calculations:
[tex]Gains=13[/tex]3. Calculating net gain
Finally, we put both quantities in the formula:
[tex]\text{Net gain}=13-10=3[/tex]