Jake owns stock in a high-tech firm. Each share is currently valued at $61 per share, which is 22% more than Jake paid to purcha se it. What did Jake pay per share?
1 answer:
The price per share of the stock of the high-tech firm that was purchased by Jake is $50.
<h3>What is the price per share?</h3>
Percentage is a measure of frequency that calculates the fraction of an amount out of hundred.
What is the price per share of the stock purchased by Jake = current value / ( 1 + percentage increase)
61 / 1.22 = $50
To learn more about percentages, please check: brainly.com/question/25764815
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