Question

A stock has a price of $68.54. this is $7.18 less than the price of the stock yesterday. write and solve an equation to find the price p (in dollars) of the stock yesterday.

Answer 1

68.54 - 7.18 = p. P = 61.36

Answer 2

The required equation is:
`p-7.18=68.54`

The price p (in dollars) of the stock yesterday was $75.72

Explanation:

Consider the provided information.

A stock has a price of $68.54. This is $7.18 less than the price of the stock yesterday.

Let the price of the stock yesterday is represented by p.

Therefore, the required equation is:

`p-7.18=68.54`

Now solve the above equation for p.

`p-7.18+7.18=68.54+7.18`

`p=75.72`

Hence, the price p (in dollars) of the stock yesterday was $75.72