Question

The price of a technology stock has risen to $9.66 today. Yesterday's price was $9.59. Find the percentage increase. Round your answer to the nearest tenth of a percent.

Answer 1

% increase = 100 x [(new price) - (original price)] / (original price)] = 100 (9.67 - 9.56) / 9.56

% increase ≅ 1.2% (to the nearest tenth)