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The stock of Company A gained $1.30 throughout the day and ended at a value of $53.30. By what percentage did the stock rise? Answer:

The stock of Company A gained $1.30 \$ 1.30 throughout the day and ended at a value of $53.30 \$ 53.30 . By what percentage did the stock rise?\newlineAnswer:

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Q. The stock of Company A gained $1.30 \$ 1.30 throughout the day and ended at a value of $53.30 \$ 53.30 . By what percentage did the stock rise?\newlineAnswer:
  1. Identify Values: Identify the initial and final values of the stock.\newlineThe final value of the stock is $53.30\$53.30, and it gained $1.30\$1.30 throughout the day. To find the initial value, we subtract the gain from the final value.\newlineInitial value = Final value - Gain\newlineInitial value = $53.30\$53.30 - $1.30\$1.30\newlineInitial value = $52.00\$52.00
  2. Calculate Percentage: Calculate the percentage increase.\newlineThe percentage increase is calculated by dividing the gain by the initial value and then multiplying by 100100 to convert it to a percentage.\newlinePercentage increase = (Gain/Initial value)×100(\text{Gain} / \text{Initial value}) \times 100\newlinePercentage increase = ($1.30/$52.00)×100(\$1.30 / \$52.00) \times 100
  3. Perform Calculation: Perform the calculation.\newlinePercentage increase = (1.30/52)×100(1.30 / 52) \times 100\newlinePercentage increase = 0.025×1000.025 \times 100\newlinePercentage increase = 2.5%2.5\%

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