Purchase Solution

Fair Market Value : Calculating a Percentage Discount

Not what you're looking for?

Ask Custom Question

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 ?

Purchase this Solution

Solution Summary

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

Purchase this Solution


Free BrainMass Quizzes
Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.

Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Probability Quiz

Some questions on probability

Solving quadratic inequalities

This quiz test you on how well you are familiar with solving quadratic inequalities.

Know Your Linear Equations

Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.