Question

The stock of Company A gained $0.72 throughout the day and ended at a value of $48.72. By what percentage did the stock rise?

Answer 1

$48

Your subtract the first number from the second number and get the value.

Answer 2

1.5%

Explanation:

48.72 - 0.72 = 48.00

48(1+r)/48 = 48.72/48

1+r= 1.015 subtract one

r= 0.015 multiply by 100