Question

Jorge bought stock in a restaurant for $300. His stock is now worth $323. Complete the statement, rounding to two decimal places if necessary.

The percentage change is ....

Answer 1

The percentage change is 7.67%

Explanation:

Cost of stock in a restaurant when bought= $300

Cost of stock in a restaurant now = $323

Change in cost = 323 -300 = $23

The percentage change is = (change in cost/Cost of stock in a restaurant when bought) * 100

The percentage change is = (23/300) * 100 = 7.67 %

The percentage change is 7.67%