SOLUTION: set up and solve: a stock broker bought stocks and laater sold them for $5136. If this broker made a 7% profit, how much did the stocks originaly cost?
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Question 72955: set up and solve: a stock broker bought stocks and laater sold them for $5136. If this broker made a 7% profit, how much did the stocks originaly cost?
Answer by checkley75(3666) (Show Source): You can put this solution on YOUR website!
X(1.07)=5136
107X=5136
X=5136/1.07
X=4800 IS THE ORIGINAL PRICE OF THE STOCK.
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