a companys stock was selling at $16 a share. a month later, it is selling at $20 a share. what is the…
a companys stock was selling at $16 a share. a month later, it is selling at $20 a share. what is the percent change? ?%
Answer
Explanation:
Step1: Calculate the change in price
$20 - 16=4$
Step2: Calculate the percent - change formula
Percent change=$\frac{\text{Change in value}}{\text{Original value}}\times100%$ Substitute the values: $\frac{4}{16}\times100%$
Step3: Simplify the expression
$\frac{4}{16}\times100% = 0.25\times100%=25%$
Answer:
$25$