Vichernandez0306 Vichernandez0306
  • 10-03-2022
  • Mathematics
contestada

a stock was selling at $120 per share. a month later, it was selling at $150 per share. what is the percent increase?

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renknee
renknee renknee
  • 10-03-2022

Answer:

25%

Step-by-step explanation:

The formula to find percent increase is [tex]100 * \frac{final-initial}{|initial|}[/tex]. We're given the initial value as 120 and the final value as 150.

  • [tex]100*\frac{150-120}{|120|}[/tex]
  • [tex]100*\frac{30}{120}[/tex]
  • [tex]100*\frac{1}{4}[/tex]
  • [tex]100/4[/tex]
  • [tex]25[/tex]

Therefore, the percent increase is 25%.

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