a companys stock was selling at $15 a share. a month later, it was selling at $27 a share. what is the…
a companys stock was selling at $15 a share. a month later, it was selling at $27 a share. what is the percent gain? ?%
Answer
Explanation:
Step1: Calculate the gain amount
$27 - 15=12$
Step2: Calculate the percent - gain formula
Percent gain=$\frac{\text{Gain amount}}{\text{Original amount}}\times100%$
Step3: Substitute values into the formula
Percent gain =$\frac{12}{15}\times100%$ $=\frac{1200}{15}%$ $ = 80%$
Answer:
80%