Use an equation to solve the problem.
-On Monday, an investor bought 100 shares of stock. On Tuesday, the value of the shares went up $5 \%$. How much did the investor pay for the 100 shares if he sold them Wednesday morning for $\$ 1470.00$ ?
A) $\$ 1543.50$
B) $\$ 1420.00$
C) $\$ 1450.00$
D) $\$ 1400.00$

Question

Quizplus · Accepted Answer

The investor sold the shares for $1470 after a 5% increase. Let $ x $ be the original price. Then $ x \times 1.05 = 1470 $. Solving for $ x $, we get $ x = 1400 $.

Use an Equation to Solve the Problem 5%5 \%5% How Much Did the Investor Pay for the 100

Use an Equation to Solve the Problem $5 \%$ How Much Did the Investor Pay for the 100