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The stock of Company A lost 2% today to $46.55. What was the opening price of the stock in the beginning of the day?

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altavistard

Answer:

$47.50:  opening price

Step-by-step explanation:

1.00 times p would be the original price.

-0.02 times p would be the loss.

0.98p = $46.55, so the original price was p = ($46.55) / 0.98, or

p = $47.50:  opening price

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