destiny owns stock in a high - tech firm. each share is currently valued at $11.90 per share, which is 47.9%…

destiny owns stock in a high - tech firm. each share is currently valued at $11.90 per share, which is 47.9% more than destiny paid to purchase it. what did destiny pay per share? round your answer to the nearest cent. $\\square$

destiny owns stock in a high - tech firm. each share is currently valued at $11.90 per share, which is 47.9% more than destiny paid to purchase it. what did destiny pay per share? round your answer to the nearest cent. $\\square$

Answer

Explanation:

Step1: Definir la variable

Sea ( x ) el precio que Destiny pagó por acción. El precio actual es un 47.9% más que ( x ), así que el precio actual es ( x + 0.479x = 1.479x ).

Step2: Establecer la ecuación

Sabemos que el precio actual es $11.90, así que ( 1.479x = 11.90 ).

Step3: Resolver para ( x )

Dividir ambos lados por 1.479: ( x=\frac{11.90}{1.479}\approx8.04 ).

Answer:

( $8.04 )