You purchased 100 shares of stock valued at $55 per share. The stock value increases to $85 per share. What was the rate of increase?

asked Jul 27, 2022 207k views

1 vote

You purchased 100 shares of stock valued at $55 per share. The stock value increases to $85 per share. What was the

rate of increase?

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3 votes

Answer:

48%

Explanation:

100 x 55 = 5500, 85/55/10 x 10^6 /10^4 + 32.5454545455 = 48

Kjgilla answered Jul 28, 2022

5.2k points

7 votes

Answer: 55%

Step-by-step explanation:

Zichzheng answered Aug 1, 2022

4.8k points

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