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Andhersson bought shares of a brand-new corporation thatmanufactures stylist chairs. He bought the stock years ago for$5,000. He recently sold this stock for $20,000. Express his capitalgain as a percent of the original purchase price. Round to the nearesttenth of a percent.

User MrWhetherMan
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1 Answer

20 votes
20 votes

Let:

x = Original price

y = New price

The percent change is given by:


undefined

User Vivek Aditya
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