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pychu [463]
3 years ago
5

Tessa bought stock in a restaurant for $278.00. Her stock is now worth $339.16. What is the percentage increase of the value of

Tessa's stock?
Mathematics
1 answer:
Natasha2012 [34]3 years ago
8 0

The percentage increase of the value of Tessa's stock is 22%

Step-by-step explanation:

The percentage of increase = \frac{New-old}{old} × 100%, where:

  • New: is the value after increasing
  • Old: is the value before increasing

Tessa bought stock in a restaurant for $278.00.

Her stock is now worth $339.16

We need to find the percentage of increase of the value of

Tessa's stock

∵ The initial value of the stock = $278.00

∴ The value of the stock after increasing = $339.16

- Substitute these values in the rule above

∴ The percentage of increasing = \frac{339.16-278}{278} × 100%

∴ The percentage of increasing = 0.22 × 100%

∴ The percentage of increasing = 22%

The percentage increase of the value of Tessa's stock is 22%

Learn more:

You can learn more about percentage in brainly.com/question/12284722

#LearnwithBrainly

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