Question

You bought 200 shares of Stock A at $23.00 per share 6 months ago. It is now worth $47 per share. What was the percent of increase in the stock over 6 months?

Answer 1

104%

Step-by-step explanation:

200*23=4600

200*47=9400

9400-4600=4800

4800/4600=1.04

1.04*100%= 104%! :D

Answer 2

51 % increase

Step-by-step explanation:

Stock A price= $23.00

Stock A price after 6 months= $47.00

Increase in price of Stock A= $47 - $23

= $24

Percentage increase in stick price = $24 x 100%

$47

= 0.510 x 100%

= 51%

The percentage increase in the price of Stock A is 51%

Cheers