Question

The price of a stock has risen 6% in the last year. If the stock started at $10 per share, what is the price per share right now?

Answer 1

the price of per share = 106/100× 10= $10.6

Explanation:

price has risen 6% in last year

the stock started at $10 per share

the original price = 100%

risen 6% in the last year = 106 %

the stock per share is $ 10

the price of per share = 106/100× 10= $10.6