a companys stock was selling at $20 a share. a month later, it is selling at $26 a share. what is the…
a companys stock was selling at $20 a share. a month later, it is selling at $26 a share. what is the percent change? ?%
Answer
Explanation:
Step1: Calculate the change in price
$26 - 20=6$
Step2: Calculate the percent - change
Percent change=$\frac{\text{Change in price}}{\text{Original price}}\times100%=\frac{6}{20}\times100%$ $\frac{6}{20}\times100% = 30%$
Answer:
30