Question

the price of a technology stock was $9.59 yesterday. today, the price rose to $9.66 . find the percentage increase. round your answer to the nearest tenth of a percent.

Answer 1

First, calculated for the difference between the two prices. That is, $9.66 - $9.59 which is equal to $0.1. Divide this value by the original price and then multiply by 100%. This is shown below,
                             ($0.1 / $9.59) x 100% = 1.0427%
Thus, the percentage increase is approximately 1.0%.