The formula for percentage increase I (given as a decimal) of an investment is I =
S-P/P
wher...
Mathematics, 17.10.2020 07:01 kendrawalraven
The formula for percentage increase I (given as a decimal) of an investment is I =
S-P/P
where P is the purchase price and S is the sale price.
You sell a stock at a price of $91, earning a percentage increase of 30%. What was the purchase price of the stock?
Solve the formula for P.
P=
The purchase price of the stock was
Answers: 3
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