question archive Stock prices on consecutive days for a stock are shown
Subject:FinancePrice:2.86 Bought3
Stock prices on consecutive days for a stock are shown. Find the increase (decrease) in the price of each stock as a number and the percent increase (decrease) rounded to the nearest tenth of a percent 36.40, 37.29 A) 0.89; 2.4% DECREASE B) -0.89; 2.4% INCREASE C) 0.89; 2.4% INCREASE D) -0.89; 2.4% DECREASE Ο Α B ? D
Increase/Decrease in the price of the given stock as a number can be calculated as the difference between them.
Difference= 37.29-36.40= 0.89.
As the difference is a positive number, there is an increase in the price of the stock by 0.89
Percentage Increase/Decrease can be calculated using the formula: (Final Price/Initial Price)-1.
= (37.29/36.40)-1= 1.024-1= 2.4%
So, The percentage increase in the given stock is 2.4%
0.89; 2.4%; INCREASE (Option C).