Resourcesdown chevron
Testimonials
Plans
Sign in
Sign up
Resourcesright arrow
Testimonials
Plans
Bytelearn - cat image with glassesAI tutor

Welcome to Bytelearn!

Let’s check out your problem:

The stock of Company A gained 6% today to $33.39. What was the opening price of the stock in the beginning of the day? Answer:

The stock of Company A gained 6% 6 \% today to $33.39 \$ 33.39 . What was the opening price of the stock in the beginning of the day?\newlineAnswer:

View step-by-step helpView step-by-step help
Homeright chevron icon
Math Problemsright chevron icon
Grade 8right chevron icon
Percent of a number: tax, discount, and moreright chevron icon

Full solution

Q. The stock of Company A gained 6% 6 \% today to $33.39 \$ 33.39 . What was the opening price of the stock in the beginning of the day?\newlineAnswer:
  1. Calculate Opening Price: To find the opening price of the stock, we need to calculate the price before the 6%6\% gain. We know the closing price after the gain is $33.39\$33.39, and the gain represents 106%106\% of the opening price (100%100\% original price + 6%6\% gain).\newlineWe can set up the equation: Opening Price×1.06=Closing Price\text{Opening Price} \times 1.06 = \text{Closing Price}.\newlineNow we need to solve for the Opening Price.
  2. Divide by 11.0606: We divide the closing price by 1.061.06 to find the opening price.\newlineOpening Price = Closing Price1.06\frac{\text{Closing Price}}{1.06}\newlineOpening Price = $33.391.06\frac{\$33.39}{1.06}
  3. Perform Division: Perform the division to find the opening price.\newlineOpening Price = $33.39/1.06\$33.39 / 1.06\newlineOpening Price ≈$31.50\approx \$31.50

More problems from Percent of a number: tax, discount, and more

Question
Johnny bought an oil painting originally priced at $80 but on sale for 5050% off. After 1010% sales tax, what was the total cost?\newline`$`____
Get tutor helpright-arrow

Posted 2 months ago

Question
It costs `$40` to buy 44 ironing boards. If the ironing boards all have the same price, how much does it cost to buy 11 ironing board? ` $`_____
Get tutor helpright-arrow

Posted 2 months ago

Question
Whitney buys a lamp online for $93\$93. If shipping and handling are an additional 10%10\% of the price, how much shipping and handling will Whitney pay? \newline $\$ _____\_\_\_\_\_
Get tutor helpright-arrow

Posted 3 months ago

Question
A 99-foot roll of plastic wrap costs $5.40\$5.40. What is the price per inch? \newline $\$ _____
Get tutor helpright-arrow

Posted 2 months ago

Question
A store purchased canoes for $300\$300 and sold them for $435\$435. What percentage is the mark-up? \newlineWrite your answer using a percent sign (%\%). \newline _____
Get tutor helpright-arrow

Posted 2 months ago

Question
A ceramic vase was originally priced at $100\$100 but went on sale for 50%50\% off. If Ernesto bought the ceramic vase and paid 12%12\% sales tax, how much did he pay in total? \newline $\$ ____
Get tutor helpright-arrow

Posted 2 months ago

Question
A 1212-foot roll of aluminum foil costs $7.20\$7.20. What is the price per inch?
Get tutor helpright-arrow

Posted 4 months ago

Question
A 1515-foot roll of paper towel costs $9.75\$9.75. What is the price per inch?
Get tutor helpright-arrow

Posted 2 months ago

Question
A 2020-foot roll of ribbon costs $8.00\$8.00. What is the price per inch?
Get tutor helpright-arrow

Posted 4 months ago

Question
A 66-foot roll of fabric costs $4.50\$4.50. What is the price per inch? \newline $\$ ______
Get tutor helpright-arrow

Posted 2 months ago

View all (60)