Solve.
-On Monday, an investor bought 100 shares of stock. On Tuesday, the value of the shares went up 8%. How much did the investor pay for the 100 shares if he sold them Wednesday morning for $1566?
A)$1450
B)$1500
C)$1691
D)$1516

Question

Quizplus · Accepted Answer

The investor sold the shares for $1566 after they increased by 8%. To find the original price, divide $1566 by 1.08, which equals $1450.

Solve. -On Monday, an Investor Bought 100 Shares of Stock. on on Tuesday