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You purchased 100 shares of stock valued at $55 per share. The stock value increases to $85 per share. What was the rate of increase?

You purchased 100 shares of stock valued at $55 per share. The stock value increases to $85 per share. What was the rate of increase?
asked 207k views
1 vote
You purchased 100 shares of stock valued at $55 per share. The stock value increases to $85 per share. What was the

rate of increase?

asked
User Sanganabasu
by
7.9k points

2 Answers

3 votes

Answer:

48%

Explanation:

100 x 55 = 5500, 85/55/10 x 10^6 /10^4 + 32.5454545455 = 48

answered
User Kjgilla
by
8.1k points
7 votes

Answer: 55%

Step-by-step explanation:

answered
User Zichzheng
by
7.7k points
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