SAT High School

You bought 200 shares of Stock A at $23.00 per share 6 months ago. It is now worth $47 per share. What was the percent of increase in the stock over 6 months?
a) 20%
b) 102%
c) 104%
d) 224%

Answers

Answer 1

Answer:

c

Explanation:

Answer 2

The percent of increase in the stock over 6 months is 104%. The correct option is c.

What is stock?

A stock reflects a claim on a company's assets and earnings as well as a share in the ownership of the business.

The percent of increase in the stock over 6 months can be calculated using the following formula:

Percent increase = (New value - Old value) / Old value x 100%

Where:

Old value = the original price of the stock (in this case, $23.00 per share)

New value = the current price of the stock (in this case, $47.00 per share)

Using this formula, we get:

Percent increase = ($47.00 - $23.00) / $23.00 x 100%

Percent increase = $24.00 / $23.00 x 100%

Percent increase = 104.35%

Rounding to the nearest whole number, the percent increase in the stock over 6 months is 104%.

Thus, the answer is option (c) 104%.

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Related Questions

Some colleges are selective because:
A. they are located in metropolitan areas.
B. they do not spend time reviewing applications as thoroughly.
C. they have a high number of applicants and a limited number of
spots.
D. only a small number of students apply to them.

Answers

Answer: A.

they have a high number of applicants and a limited number of spots.

Explanation:

Some colleges are selective because they have a high number of applicants and a limited number of spots. Thus option C is appropriate.

What is College?

College is the term used to describe a higher education institution, particularly one that focuses on general or liberal arts education as opposed to technical or professional training.

The chance to make a difference in your community and boost professional security and satisfaction are two reasons that college is crucial. Your ability to succeed in the workforce of today may depend on your college education.

Students may experience extreme stress when selecting a college. Because they get a large number of applications and have a small number of openings, some universities are selective.

Therefore, option C is appropriate.

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