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QUESTION 1 of 10: 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?

a. 48%
b. 55%
c. 64%
d. 85%

Respuesta :

Answer:

55%

Step-by-step explanation:

The stock value has increased at rate of  B) 55%

Calculation of percentage rate of increase

Percentage rate of Increase or decrease is calculated by dividing the change (increase or decrease) by the initial before change value

Formula = ( Change / Initial Value ) x 100

Given : Initial value = $55 , New Value = $85

So, change = New - Initial Value = 85 - 55 = 35

Percentage rate = (30 / 55) x 100

= 54.54% ≈ 55%

To learn more about Percentage rate, refer https://brainly.com/question/10075879?referrer=searchResults

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