3 years ago

A share of ACME stock dropped by 5% and in now trading at $74.74. what was the price before the drop

Mathematics

2 answers:

Bas_tet [7]3 years ago

7 0

Answer:

Step-by-step explanation:

5% of 74.74 is 3.737

74.74+3.737 = 78.477

frez [133]3 years ago

5 0

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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