Question

The stock of Company A lost 3.5% today to $79.13. What was the opening price of the stock in the beginning of the day?

Answer 1

Answer:

The opening price was approximately $81.90

Step-by-step explanation:

79.13×(1+3.5%)=79.13×(1+0.035)=81.89955

Answer 2

Answer:

The stock of Company A lost 3.5% today to $79.13.

The opening price of the stock in the beginning of the day (OP), would satisfy:

OP - OP x 3.5/100 = 79.13

<=> OP(1 - 3.5/100) = 79.13

 => OP = 79.13 x 100/(100 - 3.5) = 82 dollar

Hope this helps!

:)