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Chapter 3: Q. 112 (page 334)

The price of a share of one stock rose from \(12.50 to \)50. Find the percent increase.

Short Answer

Expert verified

The percent increase in the price of a share of one stock is 300%.

Step by step solution

01

Step. 1 Given Information

The old price of a share of one stock is $12.50.

The new price of a share of one stock is $50.

02

Step. 2 Percentage calculation

Firstly we need to find the increase in the price which is = $50-%12.50 = $37.50

Now the percentage increase is calculated as follows:

$37.50$12.50×100%=300%.

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