Share price

The initial share price first fell by 2%, and then this new price rose by 20%. The final share price is CZK 2,400. Calculate the initial share price.

Final Answer:

x =  2040.8163 kc

Step-by-step explanation:

a=100%2%=11002=0.98 b=100%+20%=1+10020=1.2  x a b = 2400  x=a b2400=0.98 1.22400=2040.8163 kc



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