Answered

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The stock of Company A gained 6% today to $94.87. What was the opening price of the stock in the beginning of the day?

Sagot :

Answer:

Step-by-step explanation:

I don’t know

facundo3141592

We want to find the opening price of the stock in the beginning of the day. We will find that the solution is $89.50.

Working with percentages.

Let's say that the opening price of the stock was X.

Then, it is increased 6% to get to $94.87

This means that the 106% of X is equal to $94.87, then we can solve:

1.06*X = $94.87

Where we wrote 106% in decimal form, now we can just solve this for X:

X  = $94.87/1.06 = $89.50

This means that the price of the stock in the beginning of the day was $89.50

If you want to learn more about percentages, you can read:

https://brainly.com/question/843074

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