a companys stock was selling at $15 a share. a month later, it is selling at $27 a share. what is the…
a companys stock was selling at $15 a share. a month later, it is selling at $27 a share. what is the percent change? ? %
Answer
Answer:
80%
Explanation:
Step1: Calculate the change amount
$27 - 15=12$
Step2: Use percent - change formula
Percent change=$\frac{\text{Change amount}}{\text{Original amount}}\times100%=\frac{12}{15}\times100%$
Step3: Simplify the expression
$\frac{12}{15}\times100% = 0.8\times100%=80%$