Question

The price of a technology stock was $9.53 yesterday. Today, the price rose to $9.62. Find the percentage increase. Round your answer to the nearest tenth of a percent.

Answer 1

To find the percentage increase, first find the difference between the two prices:

$9.62 - $9.53 = $0.09

Then, divide the difference by the original price:

$0.09 ÷ $9.53 = 0.0094

Finally, multiply by 100 to convert to a percentage and round to the nearest tenth of a percent:

0.0094 × 100 ≈ 0.9%

Therefore, the percentage increase is approximately 0.9%.