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19-11-2020
Business

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You purchased 100 shares of stock value at $55 per share. The stock value increases to $85 per share what was the rate of increase?

Respuesta :

Samawati Samawati

20-11-2020

Answer:

54.55%

Explanation:

The purchasing price is $55

Price has increased to $85.

The monetary increase = $85 - $55 = $30

As a percentage , the increase will be

=$30/$55 x 100

=0.545454 x 100

=54.5454%

=54.55%

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