Cryptocurrency Q&A
How to find original price?
How to find original price?
Sofia
Mon Aug 12 2024
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7 answers
1182
So, let's say you've stumbled upon a cryptocurrency or a stock that you're interested in investing in, but you're not sure how to determine its original price. This can be a bit tricky, as the original price can vary greatly depending on the asset in question. For example, with cryptocurrencies, the original price is usually set at the time of the coin's initial coin offering, or ICO. But with stocks, the original price can be traced back to the company's initial public offering, or IPO.
My question is, how do you go about finding this information? Is there a specific website or database that you can consult? Or do you need to do some digging and research on your own? And once you've found the original price, how do you use that information to make informed investment decisions? Let's dive into these questions and see if we can find some answers.
7 answers
Andrea
Wed Aug 14 2024
When it comes to calculating the original price of an item after a discount, the first step is to convert the percentage discount into a decimal form. This is achieved by simply dividing the discount percentage by 100.
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Eleonora
Wed Aug 14 2024
The original price (P) is what we are solving for. It represents the price of the item before any discount was applied.
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Nicola
Wed Aug 14 2024
Following the conversion, the next step is to set up an equation that will help us determine the original price of the item. The equation used is P = (1 - d) x, where P represents the original price, d is the discount as a decimal, and x is the sale price.
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HanRiverVisionary
Wed Aug 14 2024
Understanding the variables in the equation is crucial. The sale price (x) is the price of the item after the discount has been applied. This is the price that the customer pays.
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Stardust
Wed Aug 14 2024
The discount as a decimal (d) is derived from the percentage discount. For example, if an item is on sale with a 20% discount, the decimal form of the discount would be 0.20.
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