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A stock has a price of $68.54. this is $7.18 less than the price of the stock yesterday. write and solve an equation to find the price p (in dollars) of the stock yesterday.

Verified Answer :

68.54 - 7.18 = p.  P = 61.36

Answer:

The required equation is: \(p-7.18=68.54\)

The price p (in dollars) of the stock yesterday was $75.72

Step-by-step explanation:

Consider the provided information.

A stock has a price of $68.54. This is $7.18 less than the price of the stock yesterday.

Let the price of the stock yesterday is represented by p.

Therefore, the required equation is:

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Now solve the above equation for p.

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Hence, the price p (in dollars) of the stock yesterday was $75.72