Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

a companys stock was selling at $24 a share. a month later, it is selli…

Question

a companys stock was selling at $24 a share. a month later, it is selling at $30 a share. what is the percent change? ? %

Explanation:

Step1: Find the amount of change

$30 - 24=6$

Step2: Use the percent - change formula

Percent change=$\frac{\text{amount of change}}{\text{original amount}}\times100\%$. The original amount is 24 and the amount of change is 6. So, $\frac{6}{24}\times100\% = 0.25\times100\%=25\%$

Answer:

25%