Question

The stock of Company A gained 6% today to $87.45. What was the opening price of the stock in the beginning of the day?

25 POINTS!!!!!!!!!!!!!!!!

Answer 1

$82.50

Explanation:

gained6%=100%+6%

100%+6%=$87.45

100%=?

solution :

$87.45×100/106=$82.50

Answer 2

$82.50

Explanation:

gainsd 6%=106%

$87.45×100%/106%=$82.50

Hope can help!!!