My Learning Cart
?
Categories
Account

A stock's price is $120 and it increases by 15%. What will be the new price?

₹0.0
Login to Download
  • 📥 Instant PDF Download
  • ♾ Lifetime Access
  • 🛡 Secure & Original Content

What’s inside this PDF?

Question: A stock\'s price is $120 and it increases by 15%. What will be the new price?

Options:

  1. $138
  2. $140
  3. $135
  4. $145

Correct Answer: $138

Solution: 

New Price = Old Price + (15% of Old Price) = 120 + (0.15 * 120) = 120 + 18 = $138.

A stock's price is $120 and it increases by 15%. What will be the new price?

Practice Questions

Q1
A stock's price is $120 and it increases by 15%. What will be the new price?
  1. $138
  2. $140
  3. $135
  4. $145

Questions & Step-by-Step Solutions

A stock's price is $120 and it increases by 15%. What will be the new price?
  • Step 1: Identify the old price of the stock, which is $120.
  • Step 2: Calculate 15% of the old price. To do this, multiply the old price by 0.15: 0.15 * 120.
  • Step 3: Perform the multiplication: 0.15 * 120 = 18.
  • Step 4: Add the result from Step 3 to the old price: 120 + 18.
  • Step 5: Perform the addition: 120 + 18 = 138.
  • Step 6: The new price of the stock is $138.
  • Percentage Increase – Understanding how to calculate a percentage increase on a given value.
  • Basic Arithmetic – Applying addition and multiplication to find the new price after the increase.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely
Home Practice Performance eBooks