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on monday, an investor bought 100 shares of stock. on tuesday, the value of the shares went up 3%. how much did the investor pay for the 100 shares if he sold them wednesday morning for $1545?
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he sold them for 103% and that was $1545 he bought them for 100% and that was $ ? ? ? so 1545 is 103 parts and ??? is 100 parts if you divide 1545 by 103 you know one part then you can determine how much 100 parts were!
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