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Jake owns stock in a high-tech firm. Each share is currently valued at $61 per share, which is 22% more than Jake paid to purchase it. What did Jake pay per share?

Respuesta :

The price per share of the stock of the high-tech firm that was purchased by Jake is  $50.

What is the price per share?

Percentage is a measure of frequency that calculates the fraction of an amount out of hundred.

What is the price per share of the stock purchased by Jake = current value / ( 1 + percentage increase)

61 / 1.22 = $50

To learn more about percentages, please check: https://brainly.com/question/25764815

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