A stock's price increased from $50 to $75. What is the percentage increase?
Practice Questions
Q1
A stock's price increased from $50 to $75. What is the percentage increase?
40%
50%
60%
70%
Questions & Step-by-Step Solutions
A stock's price increased from $50 to $75. What is the percentage increase?
Step 1: Identify the old price of the stock, which is $50.
Step 2: Identify the new price of the stock, which is $75.
Step 3: Subtract the old price from the new price: 75 - 50.
Step 4: Calculate the difference: 75 - 50 = 25.
Step 5: Divide the difference by the old price: 25 / 50.
Step 6: Calculate the division: 25 / 50 = 0.5.
Step 7: Convert the result to a percentage by multiplying by 100: 0.5 * 100.
Step 8: Calculate the final percentage: 0.5 * 100 = 50%.
Percentage Increase – The percentage increase is calculated by taking the difference between the new price and the old price, dividing it by the old price, and then multiplying by 100 to convert it to a percentage.
