Question

Tessa bought stock in a restaurant for $297.00. Her stock is now worth $356.40. What is the percentage increase of the value of Tessa's stock?

Answer 1

20% increase

Explanation:

We want to compute the percentage increase

Percent increase in price is expressed as

=(Change in price)/old price *100

=356.4-297/297*100

=59.4/297*100

=0.2*100

=20%