Can someone explain to me how to work out this problem and get the right answer? My solutions manual said that the answer was $200, but, I haven't figured out how to get that. Please help!
The price of the once high-flying tech stock fell by 22% the week before last and by another 15% (from its new lower price) last week. If the price of the stock is now $132.60 what was it originally (before both price declines)?