The formula for percentage increase I (given as a decimal) of an investment is I=S/P−P/P, where P is the purchase price and S is the sale price. rearrange for P=.....
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Given : formula for percentage increase I (given as a decimal) of an investment is I=S/P−P/P, where P is the purchase price and S is the sale price
To Find : rearrange for P=.....
Solution:
percentage increase I = 100 x ( Sale price - purchase price ) / Purchase Price
in Decimal
I = ( Sale price - purchase price ) / Purchase Price
=> I = ( S - P)/P
=> I = S/P - P/P
I = S/P - P/P
=> I = S/P - 1
=> I + 1 = S/P
=> P = S/ ( I + 1)
P = S/ ( I + 1)
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