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:


x·(1-2/100)·(1+20/100) = 2400

117.6x = 240000


x = 240000/117.6 = 2040.81632653

x = 2040.816327

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