woomysquiddy2004 woomysquiddy2004

15-12-2020
Mathematics

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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

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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