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If a stock's price is $80 and it increases by 15%, what will be the new price?

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Question: If a stock\'s price is $80 and it increases by 15%, what will be the new price?

Options:

  1. $92
  2. $90
  3. $85
  4. $95

Correct Answer: $92

Solution: 

New Price = Old Price + (Percentage Increase of Old Price) = 80 + (15/100 * 80) = 80 + 12 = $92

If a stock's price is $80 and it increases by 15%, what will be the new price?

Practice Questions

Q1
If a stock's price is $80 and it increases by 15%, what will be the new price?
  1. $92
  2. $90
  3. $85
  4. $95

Questions & Step-by-Step Solutions

If a stock's price is $80 and it increases by 15%, what will be the new price?
  • Step 1: Identify the old price of the stock, which is $80.
  • Step 2: Determine the percentage increase, which is 15%.
  • Step 3: Convert the percentage increase into a decimal by dividing by 100. So, 15% becomes 15/100 = 0.15.
  • Step 4: Calculate the amount of increase by multiplying the old price by the decimal. So, 0.15 * 80 = $12.
  • Step 5: Add the amount of increase to the old price to find the new price. So, $80 + $12 = $92.
  • Percentage Increase – Understanding how to calculate a percentage increase on a given value.
  • Basic Arithmetic – Applying addition and multiplication to derive the new price.
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