Question

Compute the percent of profit or loss on shares of stock purchased at8.625 and sold at 10.75.

Answer 1

24.63%

Explanation:

The first thing is to mention that it is a profit because it was bought at a lower amount than it was sold, therefore

We take 100% as the lowest value, and thus we calculate the profit percentage

`10.75\cdot(100)/(8.625)=124.63`

Then the difference between both percentages is the profit percentage

`124.63-100=24.63`