Question

Zeke owns stock in a high-tech firm. Each share is currently valued at $21 per share, which is 30% less than Zeke paid to purchase it. What did Zeke pay per share?

Answer 1

$14.7

Explanation:

Zeke owns stock in a high tech firm

Each share is valued at $21

It's is 30% less than the amount it was purchased

Therefore Zeke pay per share can be calculated as follows

= 21× 30/100

= 21×0.3

= 6.3

= 21-6.3

= 14.7

Hence Zeke's pay per share is $14.7