You haven't defined what
the price of stock was 25% more than that of the stock B
means. Which stock, A or C?
All we really know is that C = 3/4 A
So now supply the missing information, and you can answer the question.
Find the price of B
the price of stock was 25% more than that of the stock B
means. Which stock, A or C?
All we really know is that C = 3/4 A
So now supply the missing information, and you can answer the question.
stock b = 1
stock a = 1+0.25
stock c =3/4 of 1.25 = 0.9375
Now, let's get down to business. We know that the price of stock A was 25% more than that of B. So, if we represent the price of B as x, then the price of A would be x + (25% of x).
But wait, there's more! We also know that the price of C is 3/4th of stock A. So, if we represent the price of C as y, then the price of A would be (4/3) of y.
Now, let's put all these pieces together. We have:
x + (25% of x) = (4/3) * y
Well, this equation might make a mathematician's heart skip a beat, but fear not! We can simplify it. Let's convert 25% to a decimal by dividing it by 100. We'll get:
x + 0.25x = (4/3) * y
To make things a little easier, let's combine like terms:
1.25x = (4/3) * y
Finally, to find the price of B, we need to solve for x. Divide both sides by 1.25:
x = ((4/3) * y) / 1.25
There you have it! The price of stock B is dependent on the price of stock C. Plug in the value of y and calculate away!
According to the given information, the price of stock A is 25% more than that of stock B.
So, the price of stock A = x + (25/100)x
= x + 0.25x
= 1.25x
Also, the price of stock C is 3/4th of stock A.
So, the price of stock C = (3/4)*(1.25x)
= (3/4)*(5/4)x
= 15/16x
Therefore, the price of stock B is x.