Question

At the close of one business day, TNT stock was trading at $40 per share. At the close of the next business day, the stock was trading at $43 per share. Find the percent of increase

Answer 1

Find the increase amount:

43-40 = 3

Divide increase amount by starting value:

3/40 = 0.075

Multiply by 100:

0.075 x 100 = 7.5% increase