Question

In march 2009, jennifer bought shares of stock in the pepsi-cola company for $47 per share. In march 2016, she sold them for $101 per share. Express the increase in price as a percent of the purchase price. Round the nearest tenth of a percent

Answer 1

There was 114.89% increase in price of shares

Step-by-step explanation:

Let the number of shares purchase be ‘n’

Given, in March 2009,

the price of shares were $47 per share

Therefore, total price of ‘n’ shares in 2009 = $47*n

Similarly, in march 2016,

the price of shares is $101 per share

Therefore, total price of ‘n’ shares in 2016 = $101*n

Increase in price of share = $(101-47) = $54

Therefore, percent increase in shares =
`\frac{\mathrm{s} 54}{\mathrm{s} 47} * 100`

= 1.1489 * 100%

= 114.89%

Hence, there was 114.89% increase in price of shares.

Answer 2

114.9%

Step-by-step explanation:

we know that

In march 2009, Jennifer bought shares for $47 per share

In march 2016, she sold them for $101 per share

$47 -----> represent the 100%

The increase in price is $101-$47=$54

so

using proportion

Find out what percentage of the purchase price represent $54

Let

x -----> the percentage of the purchase price

`(\$47)/(100\%)=(\$54)/(x)\\\\x=100(54)/47\\\\x= 114.9\%`