Obeytoney53
Obeytoney53 Obeytoney53
  • 06-03-2020
  • Mathematics
contestada

The stock of Company A lost 2% today to $46.55. What was the opening price of the stock in the beginning of the day?

Respuesta :

Onoriodefelix
Onoriodefelix Onoriodefelix
  • 06-03-2020

Answer:

$2327.5

Step-by-step explanation:

The stock of company A lost 2% today .

Let the price of the stock at the beginning of the day be A.

Therefore, a 2% loss of A = $46.55

That’s

2% /100% x A = $46.55

0.02 x A = $46.55

Divide both sides by 0.02

0.02/0.02 x A = $46.55/0.02

A = $2327.5

The price of stock at the beginning of the opening day was $2327.5

Answer Link

Otras preguntas

The picture shows two containers filled with a gas. Which statement is correct? The average kinetic energy of the gas particles is greater in container A becau
How many atoms are contained in 100.0 g of mercury
Please help!!! will mark brainliest!!!!
What is one of the defining characteristics of the modern era?
Explain the difference between internal conflict and external conflict. Provide an example of a character from one of the texts has demonstrated both internal a
Which expression is equivalent to -1/2 (1/4 x - 3/8). SHOW WORK
HURRY PLEASE HELP!!! The table represents a linear function. What is the slope of the function?
Why we use cotton cloth to mop the floor?
Year(x) 1971 Percent(y) 42.4 1978 37.4 1980 37.1 1984 34.1 1989 32.1 1993 28.8 1997 25.7 2000 25.5
A surveryor wants to know how many shoppers at a mall like to read books. He surveys 100 people coming out of a bookstore at the mall. Is this sampling method b