woomysquiddy2004
woomysquiddy2004 woomysquiddy2004
  • 15-12-2020
  • Mathematics
contestada

The stock of Company A gained 3% today to $31.93. What was the opening price of the stock in the beginning of the day?

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NgShiYin
NgShiYin NgShiYin
  • 15-12-2020

Answer:

$31

Step-by-step explanation:

100% + 3% --- $31.93

103% --- $31.93

100% --- [tex]\frac{100}{103}[/tex] × $31.93 = $31

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