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On August 11, Snippet Incorporated closed at $12,311 per share. One year earlier, one share closed at $14,298. What was an approximate 1-year percent change?

Respuesta :

abiolataiwo2015

The approximate 1-year percent change is 16.14%.

Percent change

Using this formula

Percent change=One year earlier closed amount-Closed amount/ Closed amount×100

Let plug in the formula

Percent change= $14,298-$12,311 /$12,311 ×100

Percent change=$1,987/$12,311 ×100

Percent change=16.14%

Inconclusion the approximate 1-year percent change is 16.14%.

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