SOLUTION: in 2002, the price of general electric's stock dropped 8%. p= price of general electric stock what is the price of general electric stock after the drop?

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: in 2002, the price of general electric's stock dropped 8%. p= price of general electric stock what is the price of general electric stock after the drop?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 520119: in 2002, the price of general electric's stock dropped 8%.
p= price of general electric stock
what is the price of general electric stock after the drop?
Answer by Tatiana_Stebko(1539) About Me  (Show Source):
You can put this solution on YOUR website!
after drop the price is 100-8=92% of old price
therefore 0.92p