Question

The price of a share of stock in Hilton (hotel) Company rose on Tuesday to a new 52 week high of $38.50. Last month the price was $21.30. What was the percentage increase?

Answer 1

38.50 -21.30-17.20
17.20/21.30 = 80.75%

Answer 2

80.75%

Explanation:

Given,

The current price of the stock (x) = $38.50

Price of stock one month back (y) = $21.30

To find: The percentage increase in the stock price (z)

`z = (x-y)/(y)* 100`

`z = (38.50-21.30)/(21.30)* 100`

`z = (17.20)/(21.30)* 100`

`z = 0.8075* 100`

`z = 80.75%`

Thus the stick rose by 80.75%.