E = your equity % which must be above 30%
X = your equity value
T = total account value
E = X / T
X = T - 3000 (your equity is the total account value - 3000 you owe the firm)
T = total shares (100) * stock price (P)
T = 100p
plug all variables into the first equation
.3 = (100p - 3000) / 100p (break it up into 2 fractions)
.3 = (100p/100p) - (3000/100p)
.3 = 1 - (3000/100p)
.7 = 3000/100p
70p = 3000
p = 42.86
once the share price dips below 42.86, you hold less than 30% equity and the firm could initiate a margin call.