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Chapter 2: Q. 134 (page 130)

The price of a share of one stock rose from \(12.50 to \)50. Find the percent change.

Short Answer

Expert verified

The percentage change in price of a share of one stock is 300%.

Step by step solution

01

Step. 1 Given information 

Initial value = $12.50

Final value = $50

02

Step.2 Concept 

Percentage change equals the change in value divided by the value of the original value, multiplied by 100.

03

Step. 3 Calculation 

Percentage change

=Finalvalue-initialvalueInitialvalue脳100=50-12.5012.50脳100=37.5012.50脳100=3脳100=300

Thus there is a 300% percent change.

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