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A pharmaceutical company's stock price was $50.33 on Monday. On Tuesday, the price increased by $2.35. On Wednesday, the price decreased by $1.07 from Tuesday's price. On Thursday, the price increased by $0.75 from Wednesday's price. What was the final price on Thursday?

  • A. $53.43
  • B. $54.50
  • C. $52.36
  • D. $50.85
Correct Answer: C

Rationale: To find the final price on Thursday, start with $50.33 (Monday's price) and apply the changes: +$2.35 (Tuesday's increase), -$1.07 (Wednesday's decrease), and +$0.75 (Thursday's increase). Calculate the total by adding and subtracting the price changes: $50.33 + $2.35 - $1.07 + $0.75 = $52.36. Therefore, the final price on Thursday was $52.36. The correct answer is $52.36, as calculated from the given price changes throughout the week.