The price of a technology stock was $9.59 yesterday. today, the price rose to $9.66. find the percentage increase. round your answer to the nearest tenth of a percent.

Question

Heidi Bishop

Mathematics

8 September, 18:12

The price of a technology stock was $9.59 yesterday. today, the price rose to $9.66. find the percentage increase. round your answer to the nearest tenth of a percent.

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Answers (1)

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Jason Goodman · Answer 1

First, calculated for the difference between the two prices. That is, $9.66 - $9.59 which is equal to $0.1. Divide this value by the original price and then multiply by 100%. This is shown below,

($0.1 / $9.59) x 100% = 1.0427%

Thus, the percentage increase is approximately 1.0%.