Explore BrainMass
Share

Fair Market Value : Calculating a Percentage Discount

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

I received stock at a 15% discount to the Fair Market Value, what was the Fair Market Value?

I know the discounted value of the stock and I want to know what the value of the stock was before the discount. The stock was discounted 15%.
x= Fair Market Value of the stock before discount (I want to know this)
y = discounted value of stock (I know this)

think the equation is some thing like this x = y + (x * .15)

example
x=40.77
y=34.65

40.77 = 34.65 + (40.77 * .15)

how do I solve for x ?

© BrainMass Inc. brainmass.com March 21, 2019, 12:21 pm ad1c9bdddf
https://brainmass.com/math/fractions-and-percentages/fair-market-value-calculating-percentage-discount-66241

Solution Summary

A percent discount is found. The response received a rating of "5/5" from the student who originally posted the question.

$2.19