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If a stock's price is $75 and it increases by 12%, what will be the new price?

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Question: If a stock\'s price is $75 and it increases by 12%, what will be the new price?

Options:

  1. $84
  2. $90
  3. $78
  4. $80

Correct Answer: $84

Solution: 

New Price = Old Price + (12% of Old Price) = 75 + (0.12 * 75) = 75 + 9 = $84.

If a stock's price is $75 and it increases by 12%, what will be the new price?

Practice Questions

Q1
If a stock's price is $75 and it increases by 12%, what will be the new price?
  1. $84
  2. $90
  3. $78
  4. $80

Questions & Step-by-Step Solutions

If a stock's price is $75 and it increases by 12%, what will be the new price?
  • Step 1: Identify the old price of the stock, which is $75.
  • Step 2: Calculate 12% of the old price. To do this, multiply the old price by 0.12: 0.12 * 75.
  • Step 3: Perform the multiplication: 0.12 * 75 = 9.
  • Step 4: Add the result from Step 3 to the old price: 75 + 9.
  • Step 5: Perform the addition: 75 + 9 = 84.
  • Step 6: The new price of the stock after the increase is $84.
  • Percentage Increase – Understanding how to calculate a percentage increase on a given value.
  • Basic Arithmetic – Applying addition and multiplication to find the new value after the increase.
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