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.
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