a companys stock was selling at $24 a share. a month later, it is selling at $30 a share. what is the…

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

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

Answer

Explanation:

Step1: Calculate the change in price

The change in price is the new price minus the original price. So, $30 - 24=6$.

Step2: Calculate the percent - change

The formula for percent - change is $\frac{\text{Change in value}}{\text{Original value}}\times100%$. Substitute the values: $\frac{6}{24}\times 100%$. $\frac{6}{24}\times100% = 0.25\times100%=25%$

Answer:

$25$