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On monday an investor bought 100 shares of stock. On Tuesday the value of the shares went up 4%. how much did the investor pay for the shares if he sold them Wednesday for $1248…

On monday an investor bought 100 shares of stock. On Tuesday the value of the shares went up 4%. how much did the investor pay for the shares if he sold them Wednesday for $1248…
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On monday an investor bought 100 shares of stock. On Tuesday the value of the shares went up 4%. how much did the investor pay for the shares if he sold them Wednesday for $1248

User Adesso
by
7.4k points

1 Answer

3 votes
1198.08
1248 / .04 = 49.92
1248 - 49.92 = 1198.08
User ZombieChowder
by
7.6k points
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