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17 March, 10:21

Twelve months ago, Donnie bought shares of stock in a Biotechnology Company for $25 per share. If the shares are now selling for $30 per share, what is the percent of increase in the value of the stock?

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  1. 17 March, 10:50
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    25%

    Step-by-step explanation:

    Buying price: $25 per share

    Selling price: $30 per share

    => the percent of increase in the value of the stock is calculated as the following formula:

    ({Selling price - Buying price) / Buying price} * 100%

    = { ($30 - $25) / $25} * 100%

    = 1/5*100%

    = 25%
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