1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ludmilka [50]
2 years ago
14

The formula for percentage increase I (given as a decimal) of an investment is I=S−PP, where P is the purchase price and S is th

e sale price. You sell a stock at a price of $75, earning a percentage increase of 25%. What was the purchase price of the stock?
Solve the formula for P.

P=

The purchase price of the stock was $_
Mathematics
2 answers:
sattari [20]2 years ago
5 0
18.75/75=(75/75) -
p =(75-18.5)/75
p=56.5/75
p=0.75(3recurring)
vlabodo [156]2 years ago
3 0

Answer: $60

Step-by-step explanation:

Given : The formula for percentage increase I (given as a decimal) of an investment is I=\dfrac{S-P}{P}, where P is the purchase price and S is the sale price.

If Price of stock S= $75 and the percentage increase of 25% i.e. I=0.25.

Then, to find P , we substitute the values of S and I in the given equation, we get

0.25=\dfrac{75-P}{P}\\\\\Rightarrow\ 0.25P=75-P\\\\\Rightarrow\ P+0.25P=75\\\\\Rightarrow\ (1.25)P=75\\\\\Rightarrow\ P=\dfrac{75}{1.25}=60

Hence, the purchase price of the stock was $60.

You might be interested in
What is the solution to ther equation 2(x-4)squared=50
galina1969 [7]

Answer:

x=9                   x=-1

Step-by-step explanation:

2(x-4)^2=50

Divide each side by 2

2/2(x-4)^2=50/2

(x-4)^2=25

Take the square root of each side

sqrt((x-4)^2)=sqrt(25)

x-4 = ±5

x-4 =5            x-4 = -5

Add 4 to each side

x-4+4=5+4    x-4+4 = -5+4

6 0
3 years ago
Grandpa Ross won $4.5 million in a lottery. He wanted to give the money to his 4 children and 8 grandchildren. He decided that e
tino4ka555 [31]

4 children get .6075 million

8 grand children get .2025 million

3 0
3 years ago
What number is bigger -2 or -5 or -1
V125BC [204]
Hi , the answer is -1 , because -1 is the number that is closest to zero.
6 0
2 years ago
Read 2 more answers
What equivalent to 5m(m+3)
Lostsunrise [7]

Answer:

5m^2 + 15m

Step-by-step explanation:

use distributive property:

5m(m) is 5m^2

5m(3) is 15m

which is 5m^2 + 15m

3 0
3 years ago
Aaron estimated that 148% of 333 is 495
maksim [4K]

Answer:

492.84

Step-by-step explanation:

333 x 148÷100

= 492.84

7 0
3 years ago
Read 2 more answers
Other questions:
  • Whats (0,5), m=1/3 in point-slope form
    14·1 answer
  • Name a value for x that will complete the inequality that is shown then explain why the value makes the inequality true
    5·1 answer
  • Which solution is correct? Be sure to check for extraneous solutions.
    12·2 answers
  • What would you say about a dish made from Beef, Potatoes, Carrots, and Onions that tasted TERRIBLE?
    9·2 answers
  • PLEASE HELP ASAP 35 POINTS!!
    7·1 answer
  • What is the slope of the line shown below
    8·1 answer
  • If 2 cups equal a parent and two pence equal a quart and 4 quarts equal a gallon how many cups are there in 4 gallons?
    9·1 answer
  • A man invests some money at 10% interest for 1 year
    11·1 answer
  • Exercise 3: Writing an Equation Using Verbal Descriptions
    10·1 answer
  • A locker combination consists of two non-zero digits. the digits in a combination are not repeated and range from 2 through 9. e
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!