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The price of a share of stock in Hilton (hotel) Company rose on Tuesday to a new 52 week high of $38.50. Last month the price was $21.30. What was the percentage increase?

Respuesta :

38.50 -21.30-17.20
17.20/21.30    =  80.75%

Answer:

80.75%

Step-by-step explanation:

Given,

The current price of the stock (x) = $38.50

Price of stock one month back (y) = $21.30

To find: The percentage increase in the stock price (z)

[tex]z = \frac{x-y}{y}\times 100[/tex]

[tex]z = \frac{38.50-21.30}{21.30}\times 100[/tex]

[tex]z = \frac{17.20}{21.30}\times 100[/tex]

[tex]z = 0.8075\times 100[/tex]

[tex]z = 80.75%[/tex]

Thus the stick rose by 80.75%.

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