The stock of Company A lost 3.25% today to $34.83. What was the opening price of the stock in the beginning of the day? Answer:

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The stock of Company A lost  3.25% today to  $34.83. What was the opening price of the stock in the beginning of the day? Answer:

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Understand the problem: Understand the problem. We know the closing price of the stock after a 3.25% decrease, which is $34.83. We need to find the opening price before this decrease occurred.Represent closing price: Represent the closing price as 96.75% of the opening price. Since the stock lost 3.25%, it means that the closing price is 100% - 3.25% = 96.75% of the opening price.Convert to decimal: Convert the percentage to a decimal to use in calculations. 96.75% as a decimal is 0.9675.Set up equation: Set up the equation to find the opening price. Let the opening price be represented by 'x'. Then, 0.9675 * x = $34.83.Solve for opening price: Solve for 'x' to find the opening price. x = $34.83 / 0.9675Perform division: Perform the division to find the opening price. x ≈ $36.00 (rounded to two decimal places)

The stock of Company A lost $3.25 \%$ today to $\$ 34.83$ . What was the opening price of the stock in the beginning of the day? $\newline$ Answer:

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The stock of Company A lost 3.25% 3.25 \% 3.25% today to $34.83 \$ 34.83 $34.83. What was the opening price of the stock in the beginning of the day?\newlineAnswer:

The stock of Company A lost $3.25 \%$ today to $\$ 34.83$ . What was the opening price of the stock in the beginning of the day? $\newline$ Answer: