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The stock of Company A lost 4% today to $67.92. What was the opening price of the stock in the beginning of the day? Answer:

The stock of Company A lost 4% 4 \% today to $67.92 \$ 67.92 . What was the opening price of the stock in the beginning of the day?\newlineAnswer:

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Q. The stock of Company A lost 4% 4 \% today to $67.92 \$ 67.92 . What was the opening price of the stock in the beginning of the day?\newlineAnswer:
  1. Calculate Loss Percentage: To find the opening price of the stock, we need to calculate what price would result in a 4%4\% loss to end up at $67.92\$67.92. We can represent the opening price as 100%100\% and the closing price after a 4%4\% loss as 96%96\% of the opening price.\newlineLet's denote the opening price as PP. Then we have:\newline96%96\% of P=$67.92P = \$67.92\newlineTo find PP, we need to divide $67.92\$67.92 by 96%96\% (or $67.92\$67.9211 in decimal form).\newlineCalculation:\newline$67.92\$67.9222
  2. Find Opening Price: Now we perform the division to find the opening price.\newlineCalculation:\newlineP=$67.920.96P = \frac{\$67.92}{0.96}\newlineP=$70.75P = \$70.75

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