Question

You purchased a stock on Monday of $24 per share

a. On Tuesday, the stocks price was $36 per share what was the percent increase
b. On Wednesday, the stocks price had a percent of 50%. What was the new stock price

Answer 1

a. 12 dollars IP is a 50% increase on 24 dollars
b. poorly phrased question. ...% of 50 % increase or decrease? if increase is 50% of 36 dollars... that's 18 dollars to add on to the new 36dollar price.
18+ 36=54dollars
if it's a decrease it goes down by 18 to 18dollars