Question

The stock of Company A gained 5% today to $54.60. What was the opening price of

the stock in the beginning of the day?

Answer 1

$51.85

To find the answer, you would divide $54.60 by 100. You do that to figure out the amount of money of 1%

Then you multiply 5 to figure out 5%. Subtract the answer by $54.60 since your finding out how much it was at the beginning of the day.

Equation: $54.60 ÷100= $.546 x 5= 2.73. 54.60- 2.75 =51.85.

Final result: $51.85

Answer 2

Answer: $51.85

Explanation:

To find the answer, you would divide $54.60 by 100. You do that to figure out the amount of money for 1%. Then you multiply 5 to figure out 5%. Lastly, you would subtract the answer by $54.60 since your finding out how much it was at the beginning of the day. Equation: $54.60 ÷100= $.546 x 5= 2.73. 54.60- 2.75 =51.85