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1 vote
The stock of Company A gained 5.25% today to $21.05. What was the opening price of the stock in the beginning of the day?

2 Answers

6 votes
i think the answer is 20$
User Enryu
by
9.3k points
1 vote

Answer:

$20

Explanation:

Easy formula for these problems is new price divided by change in percent as decimal with 1 at begining. So for this problem it is 21.05/1.0525. You can then test your answer by muliply you answer by 1.0525.

User Tyrese
by
7.3k points

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