Question

A while ago, Kinsley bought shares of stock in a high-tech firm. At that time, the selling price was $18 per share. According to today's newspaper, a share is currently worth 50% more. What is the current value of one share?

Answer 1

$27

Explanation:

We find 50% of $18 and add it to $18.

50% of $18 = 5/100 × $18 = 0.5 × $18 = $9

Today, it is worth $9 more.

$18 + $9 = $27