On August 11, Snippet Incorporated closed at $12,311 per share. One year earlier, one share closed at $14,298. What was an appro

Question

2 years ago

11

ximate 1-year percent change?

1 answer:

Effectus [21] · Answer 1 · 2022-11-04T12:10:39+03:00

The approximate 1-year percent change is 16.14%.

<h3>Percent change</h3>

Using this formula

Percent change=One year earlier closed amount-Closed amount/ Closed amount×100

Let plug in the formula

Percent change= $14,298-$12,311 /$12,311 ×100

Percent change=$1,987/$12,311 ×100

Percent change=16.14%

Inconclusion the approximate 1-year percent change is 16.14%.

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