document.write( "Question 356204: The price of a stock is down 5% today. What percent increase tomorrow would return
\n" );
document.write( "the stock to its original price? \n" );
document.write( "
Algebra.Com's Answer #254326 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! The price of a stock is down 5% today. What percent increase tomorrow would return the stock to its original price? \n" ); document.write( "--------- \n" ); document.write( "p = starting price \n" ); document.write( "Down 5% --> 0.95p \n" ); document.write( "Using 0.95p as the base, increasing to 1.0p is an increase of (1 - 0.95)/0.95 \n" ); document.write( "= 5/95 = 1/19 \n" ); document.write( "=~ 0.05263 = 5.26% \n" ); document.write( " \n" ); document.write( " |