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A stock's price is $150. If it increases by 10%, what will be the new price?

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Question: A stock\'s price is $150. If it increases by 10%, what will be the new price?

Options:

  1. $160
  2. $165
  3. $170
  4. $175

Correct Answer: $165

Solution: 

New Price = Old Price + (10% of Old Price) = 150 + (0.10 * 150) = 150 + 15 = $165

A stock's price is $150. If it increases by 10%, what will be the new price?

Practice Questions

Q1
A stock's price is $150. If it increases by 10%, what will be the new price?
  1. $160
  2. $165
  3. $170
  4. $175

Questions & Step-by-Step Solutions

A stock's price is $150. If it increases by 10%, what will be the new price?
  • Step 1: Identify the old price of the stock, which is $150.
  • Step 2: Calculate 10% of the old price. To do this, multiply the old price by 0.10: 0.10 * 150 = $15.
  • Step 3: Add the 10% amount ($15) to the old price ($150): 150 + 15 = $165.
  • Step 4: The new price of the stock after the increase is $165.
  • Percentage Increase – Understanding how to calculate a percentage increase on a given value.
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