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The stock of Company A lost 4.25% today to 30.64. What was the opening price of the stock in the beginning of the day?

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Solution

ThestockofCompanyAlost4.25%todayto30.64.Whatwastheopeningpriceofthestockinthebeginningoftheday?

Solution

Amountafteraddition:31.9422
Solution steps
Translate the problem into an equation:x=30.64+0.0425⋅30.64
x=30.64+0.0425⋅30.64:x=31.9422
Amountafteraddition:31.9422

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