The Norman’s stock has been increased to 25%.
<u>Step-by-step explanation:</u>
- Norman purchased $420 of stock in Carnival Cruise Lines last week.
- The worth of the stock at present is $525.
Therefore, the stock worth has been increased from $420 to $525.
<u>The percent change can be determined using the formula :</u>
% increase = (difference between two values / smaller value) × 100
Here, the difference of $420 and $525 was found as $105.
The smaller one of two vlaues is $420.
Percentage increase = (105 / 420) × 100
⇒ 0.25 × 100
⇒ 25 %
The percentage increase of Norman’s stock was determined as 25%
Therefore, the Norman’s stock has increased to 25%.
