Solve the percent problem.
-An investor bought 100 shares of stock. The value of the shares went up $4 \%$ and then he sold them. How much did the investor pay for the 100 shares if he sold them for $\$ 1404$ ?
A) $\$ 1354$
B) $\$ 1400$
C) $\$ 1350$
D) $\$ 1460$

Question

Quizplus · Accepted Answer

The investor sold the shares for $1404 after a 4% increase in value. To find the original price, divide $1404 by 1.04 (100% + 4% = 104%, or 1.04 in decimal form). $1404 / 1.04 = $1350.

Solve the Percent Problem 4%4 \%4% And Then He Sold Them $1404\$ 1404$1404

Solve the Percent Problem $4 \%$ And Then He Sold Them $\$ 1404$