At the close of one business day, a company's stock was trading at $\$24$ a share.
At the close of the next business day, the stock was trading at $\$27$ a share.
Find the percent of increase.
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Shraddheya Shendre
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user1792
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$\frac{27-24}{24}=\frac{3}{24}=\frac{1}{8}=12.5$%
Saketh Malyala
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How did you get 3/24? – user1792 Apr 10 '17 at 00:40
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We are looking for the change from Day 1 to Day 2 – Saketh Malyala Apr 10 '17 at 00:41
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We take the change from Day 1 to Day 2 and compare that to the whole Day 1 – Saketh Malyala Apr 10 '17 at 00:42
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The change from Day 1 to Day 2 is 3. Comparing that to the whole Day 1 is 3/24, because Day 1 was 24 a stock. 3/24 = 1/8, which is equivalent to 12.5% – Saketh Malyala Apr 10 '17 at 00:42