2 years ago

Show work/ explain it

Mathematics

1 answer:

omeli [17]2 years ago

3 0

9514 1404 393

Answer:

$68.00

Step-by-step explanation:

Let s represent the opening price. Then the closing price is ...

s - 3.25% × s = $65.79

s(1 -0.0325) = $65.79 . . . . collect terms

0.9675s = $65.79 . . . . . . . simplify

s = $65.79/0.9675 . . . . . . .divide by the coefficient of s

s = $68.00 . . . . . the opening stock price

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