The price of a technology stock was
$9.54
yesterday. Today, the price rose to
$9.67
. Find the percentage increase. Round your answer to the nearest tenth of a percent.
The increase in price is $9.67 - $9.54 = $0.13.
To find the percentage increase, we need to divide the increase by the original price and multiply by 100:
($0.13/$9.54) x 100 = 1.36%
Rounding to the nearest tenth of a percent, the percentage increase is 1.4%.
To find the percentage increase, you can use the following formula:
Percentage Increase = ((New Value - Old Value) / Old Value) * 100
Given that the old value is $9.54 and the new value is $9.67, we can substitute these values in the formula:
Percentage Increase = (($9.67 - $9.54) / $9.54) * 100
= ($0.13 / $9.54) * 100
= 0.0136 * 100
= 1.36
Rounded to the nearest tenth of a percent, the percentage increase is 1.4%.