SOLUTION: Prior to an oil spill, the stock in an oil company sold for $120 per share. As a result of the liability that the company incurred from the spill, the price per share fell to ¾ of

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: Prior to an oil spill, the stock in an oil company sold for $120 per share. As a result of the liability that the company incurred from the spill, the price per share fell to ¾ of      Log On


   



Question 1172836: Prior to an oil spill, the stock in an oil company sold for $120 per share. As a result of the liability that the company incurred from the spill, the price per share fell to ¾ of the price before the spill. What did the stock sell for after the spill?
Answer by ikleyn(52778) About Me  (Show Source):
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3%2F4  of  $120  is   %283%2F4%29%2A120 = 90 dollars.         ANSWER