Question

tom purchased shares of dupoint for $47.65 per share he plans to sell the shares when the stock price rises 20% at what price will he sell his shares

Answer 1

if we take 47.65 to be the 100%, how much is 100% + 20% or 120% of that then?


`\bf \begin{array}{ccll} amount&\%\\ \text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\ 47.65&100\\ x&120 \end{array}\implies \cfrac{47.65}{x}=\cfrac{100}{120}\implies \cfrac{47.65\cdot 120}{100}=x`