Tessa bought stock in a restaurant for $246.00 Her stock is now worth $297 66 What is the percentage increase of the value of Te

Question

2 years ago

9

ssa's stock?
52%

21%

17%

83%

1 answer:

Ira Lisetskai [31] · Answer 1 · 2023-05-26T08:14:31+03:00

The percentage increase of the value of Tessa's stock is 21%.

<h3>Percentage increase</h3>

Using this formula

Percentage increase=Current stock worth-Old stock worth/Old stock worth

Where:

Current stock worth=$297.66

Old stock worth=$246.00

Let plug in the formula

Percentage increase=$297.66 - $246.00 / 246.00 × 100

Percentage increase=$51.66/ 246.00 × 100

Percentage increase=21%

Inconclusion the percentage increase of the value of Tessa's stock is 21%.

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