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Margaret [11]
3 years ago
8

If you bought a stock last year for a price of $103, and it has risen 7% since then, how

Mathematics
1 answer:
Marrrta [24]3 years ago
7 0

Answer:

the stock is worth $110.21

Step-by-step explanation:

The first thing you want to do is multiply 0.07 and 103, to find out what 7% of 103 is. When you multiply those two numbers you are going to get 7.21. You are then going to add 103 and 7.21 to find out how much it would be worth now.

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A shopkeeper buys two types of tea one at $20 for 10 kg and the other at $23 for 10 kg. He mixes the two types and the mixture i
lorasvet [3.4K]
Let us take the case of first type of tea
Cost of 10 kg of tea one = $20
Then
Cost of 1 kg of tea one = (20/10) dollars
                                     = 2 dollars
Now let us take the case of the second kind of tea
Cost of 10 kg of tea = $23
Then
Cost of 1 kg of tea = (23/10) dollars
                               = 2.3 dollars
So
The mixture of 1 kg of tea one
and 1 kg of second type of tea will cost = (2.0 + 2.3) dollars
                                                                = 4.3 dollars
Then the cost of 2kg mixture of tea costs = 4.3 dollars
So
The cost of 10 kg mixture will cost = (4.3/2) * 10 dollars
                                                         = 4.3 * 5 dollars
                                                        = 21.5 dollars
Then
The amount of profit made by selling 10 kg tea at $38 = (38 - 21.5) dollars
                                                                                       = 16.5 dollars
So
Percentage of profit made = (16.5/21.5) * 100
                                           = 1650/21.5
                                           = 76.74 percent
So the percentage of profit made is 76.74%.
3 0
3 years ago
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