A share of ACME stock dropped by 5% and in now trading at $74.74. what was the price before the drop
2 answers:
Answer:
<u>78.5 (78.477)</u>
Step-by-step explanation:
5% of 74.74 is 3.737
74.74+3.737 = 78.477
Answer:
$78.63.
Step-by-step explanation:
Let the price before the drop be $x.
Then, x - 0.05x = $74.74
0.95x = 74.74
x = $78.63.
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