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?

Question

anonymous · Answer

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!