A share of ACME stock dropped by 4% and is now trading at $29.74. What was the price before the drop?


To find the original price of the ACME stock before the 4% drop, you can use the following formula:

\[
\text{Original Price} = \frac{\text{Current Price}}{1 - \text{Percentage Decrease}}
\]

Given:
- Current Price = $29.74
- Percentage Decrease = 4% or 0.04

Substituting the values:

\[
\text{Original Price} = \frac{29.74}{1 - 0.04} = \frac{29.74}{0.96} \approx 30.98
\]

So, the price before the drop was approximately **$30.98**.

Would you like more details or have any questions?

Here are 5 related questions you might find interesting:
1. What would be the new price if the stock dropped by another 3% from its current value?
2. How do you calculate the percentage drop if the original and current prices are known?
3. What would be the price if the stock had instead increased by 4%?
4. How do you find the original price if the current price after a certain percentage increase is known?
5. What would the stock price be if it dropped by 10% from the original price?

**Tip:** When dealing with percentage changes, always convert the percentage to its decimal form (e.g., 4% becomes 0.04) for calculations.

A share of ACME stock dropped by 4% and is now trading at $29.74. What was the price before the drop?

Learn how to calculate the original price of ACME stock before a 4% drop. Using the percentage decrease formula, find the stock's previous value from the current price of $29.74. Suitable for students in Grades 7-10.

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