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LenaWriter [7]
3 years ago
10

Show work/ explain it ​

Mathematics
1 answer:
omeli [17]3 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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