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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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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?

User WunderBart
by
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1 Answer

2 votes

Answer:

$31

Explanation:

100% + 3% --- $31.93

103% --- $31.93

100% ---
(100)/(103) × $31.93 = $31

User Gertas
by
8.2k points
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