Question

The stock of Company A gained $3.08 throughout the day and ended at a value of

$91.08. By what percentage did the stock rise?

Answer 1

The stock grew price grew by 3.5%

Explanation:

To find by how much a number grew we apply the growth formula:

%change=(present value-past value)/(past value)*100

Whilst we know that the present value is 91.08, we need to calculate the past value by subtracting the growth to the present value.

past value=91.08-3.08

The past value was 88.00

Applying the formula:

(91.08-88.00)/88.00*100=3.5%