Question

A company's stock was selling at

$20 a share. A month later, it was
selling at $26 a share. What is the
percent gain?

Answer 1

30%

Explanation:

The stock gained by 6. So 6/20. Next we want to turn the denominator (20) into 100 through multiplication. 20 * 5 = 100. Multiply the bottom AND top by 5 which equals 30/100. Thus the percentage is 30%

Happy New Years Eve!

Answer 2

30%.

Explanation:

Divide the increase by the original price x 100%.

26-20/20, then do 6/20. 6/20 is also equivalent to 30/100 so the percentage would also be 30%.

Hope that helps. x