Question

Suppose a stock is selling on a stock exchange for 6 3/4 dollars per share. If the price increases 3/4 per share, what is the new price of the stock? Leave your answer as a proper fraction or mixed number.

Answer 1

Step-by-step explanation:

If the price increases 3/4 per share, the new price of the stock =

6¾ + ¾ =

27 /4 + ¾ =

30 /4 =

15/2 or 7½

Answer 2

Answer:

7.5

Step-by-step explanation:

If the starting price is 6 3/4 (or 6.75) and it increases by 3/4 (or 0.75), you will need to add 0.75 to to the starting price.

6.75 + 0.75 = 7.5

Therefore, the new price of the stock is 7.5 dollars.