Question

A stock sold for 32.50 yesterday and it increased by 6.4%, what is the new price?

Answer 1

New Price=35.30

Explanation:

Calculating percentage increase

work out the difference between the two numbers being compared.

divide the increase by the original number and multiply the answer by 100.

in summary: percentage increase = increase ÷ original number × 100.

Given,

A stock sold the previous day=32.50

Increased Percentage%=6.4%

Increased Sum=

`(6.4)/(100)` x
`32.50` =
`(208)/(100)`

=2.08

New Price=CP+Increased Sum

New Price =32.50+2.80

New Price=35.30

Answer 2

Answer:34.58

=6.4/100 x 32.50 = 2.08 (the money that increased)
=32.50 + 2.08 the money increased plus original
= 34.58 Ans