Question

Alison bought 12 shares in The Toy Company when it cost $27. She is planning on selling her shares and they currently cost $39.50. What is the percent increase in sale price (round to the nearest precent)?

A) 13%
B) 32%
C) 46%
D) 68%
E) 72%

Answer 1

Cost price
12×27=324
Sales price
12×39.50=474
Percent increase
((474−324)÷324)×100=46%

Answer 2

46%

Explanation:

Given :

Alison bought 12 shares in The Toy Company when it cost $27.

She is planning on selling her shares and they currently cost $39.50.

To Find: . What is the percent increase in sale price?

Solution :

Previous cost = $27

Current cost = $39.50

Increase in price = $39.50-$27=$12.5

Percent increase in sale price=
`\frac{\text{increase in price} }{\text{original price}} *100`

=
`\frac{\text{12.5} }{\text{27}} *100`

=
`0.4629 *100`

=
`46.29`

Thus Percent increase in sale price = 46%

Hence option C is correct