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Alekssandra [29.7K]
3 years ago
9

Alison bought 12 shares in The Toy Company when it cost $27. She is planning on selling her shares and they currently cost $39.5

0. What is the percent increase in sale price (round to the nearest precent)?
A) 13%
B) 32%
C) 46%
D) 68%
E) 72%
Mathematics
2 answers:
Romashka-Z-Leto [24]3 years ago
5 0

Answer:

46%

Step-by-step explanation:

Given :

Alison bought 12 shares in The Toy Company when it cost $27.

She is planning on selling her shares and they currently cost $39.50.

To Find: . What is the percent increase in sale price?

Solution :

Previous cost = $27

Current cost = $39.50

Increase in price = $39.50-$27=$12.5

Percent increase in sale price=\frac{\text{increase in price} }{\text{original price}} *100

=\frac{\text{12.5} }{\text{27}} *100

=0.4629 *100

=46.29

Thus Percent increase in sale price = 46%

Hence option C is correct

Phantasy [73]3 years ago
4 0
Cost price
12×27=324
Sales price
12×39.50=474
Percent increase
((474−324)÷324)×100=46%
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