The value of a stock increased by 60% in one year. Relative to its new value, by what percentage should it decrease, so that it will go back to its original price?
(a) 60% (b) 52.5% (c)45% (d)37.5%
Answers
Answered by
2
Answer:
37.5%
Step-by-step explanation:
60-x-0.6x = 0
x= 60/1.6
= 300/8
= 37.5%
Answered by
0
Answer:
37.5%
Step-by-step explanation:
60-x-0.6x = 0
x= 60/1.6
= 300/8
= 37.5%
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