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
Explanation:
Step1: Find the amount of change
$27 - 15=12$
Step2: Use percent - change formula
Percent change=$\frac{\text{amount of change}}{\text{original amount}}\times100%$ Percent change =$\frac{12}{15}\times100%$
Step3: Calculate the result
$\frac{12}{15}\times100% = 0.8\times100%=80%$
Answer:
$80$