Question

a certain stock started the day at $35 a share. By the end of the day the stock had increased by 20%.what is the new price of the stock​

Answer 1

Answer:

New price of the stock = $42

Step-by-step explanation:

Given

Price of stock at the start of the day = $35

Increased by 20% by the end of the day.

To find the new price of the stock which is the price of the stock at the end of the day.

Solution:

Price at start =$35

Increase Percent at the end = 20%

Amount of increase in price = $Increase\ percent \times start\ price = 20\% \times 35 =0.2\times 35=\ 7.0$

∴ New price at the end of the day = $Start\ price + increase\ in\ price= \ 35+\ 7=\ 42$