Question

a certain stock started the day at $35 a share. By the end of the day the stock had increased by 20%.what is the new price of the stock​

Answer 1

New price of the stock = $42

Explanation:

Given

Price of stock at the start of the day = $35

Increased by 20% by the end of the day.

To find the new price of the stock which is the price of the stock at the end of the day.

Solution:

Price at start =$35

Increase Percent at the end = 20%

Amount of increase in price =
`Increase\ percent * start\ price = 20\% * 35 =0.2* 35=\$7.0`

∴ New price at the end of the day =
`Start\ price + increase\ in\ price= \$35+\$7=\$42`