Two years ago rob bought some shares of a stock and today those shoes have a value of $19.80 each, the price when rob bought the stock was 3/4 of the current piece per share . Rob paid blank per share when he bought the stock two years ago
To find the price per share when Rob bought the stock two years ago, we need to divide the current price per share by 3/4.
$19.80 / (3/4) = $19.80 * (4/3) = $26.40
Therefore, Rob paid $26.40 per share when he bought the stock two years ago.
To find out how much Rob paid per share when he bought the stock two years ago, we can use the given information.
Let's denote the price per share when Rob bought the stock two years ago as "x".
According to the information given, the current price per share is $19.80.
We are also told that the price when Rob bought the stock was 3/4 of the current price per share.
So, we can set up the equation:
x = (3/4) * $19.80
To solve for x, we can multiply 3/4 by $19.80:
x = (3/4) * $19.80
x = (3/4) * $19.80
x = $14.85
Therefore, Rob paid $14.85 per share when he bought the stock two years ago.
To find out the price that Rob paid per share when he bought the stock two years ago, we can follow these steps:
Step 1: Determine the current price per share.
We are given that the current price per share is $19.80.
Step 2: Determine the price ratio between the current price and the price when Rob bought the stock.
It is stated that the price when Rob bought the stock was 3/4 of the current price per share. This means the ratio is 3/4.
Step 3: Calculate the price when Rob bought the stock.
To find the price when Rob bought the stock, we multiply the current price by the price ratio:
Price when Rob bought the stock = (3/4) * $19.80 = $14.85
Thus, Rob paid $14.85 per share when he bought the stock two years ago.