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The stock of Company A gained $4.79 throughout the day and ended at a value of $124.54. By what percentage did the stock rise? Answer:

The stock of Company A gained $4.79 \$ 4.79 throughout the day and ended at a value of $124.54 \$ 124.54 . By what percentage did the stock rise?\newlineAnswer:

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Q. The stock of Company A gained $4.79 \$ 4.79 throughout the day and ended at a value of $124.54 \$ 124.54 . By what percentage did the stock rise?\newlineAnswer:
  1. Determine starting value: Determine the starting value of the stock before the gain.\newlineTo find the starting value, we subtract the gain from the final value.\newlineStarting value = Final value - Gain\newlineCalculation: $124.54\$124.54 - $4.79\$4.79\newlineMath error check:
  2. Calculate starting value: Calculate the starting value of the stock.\newlineCalculation: $124.54−$4.79=$119.75\$124.54 - \$4.79 = \$119.75\newlineMath error check:
  3. Calculate percentage increase: Calculate the percentage increase.\newlineThe percentage increase is calculated by dividing the gain by the starting value and then multiplying by 100100 to get the percentage.\newlinePercentage increase = (Gain/Starting value)×100(\text{Gain} / \text{Starting value}) \times 100\newlineCalculation: ($4.79/$119.75)×100(\$4.79 / \$119.75) \times 100\newlineMath error check:
  4. Evaluate percentage increase: Evaluate the percentage increase.\newlineCalculation: ($4.79/$119.75)∗100≈4.00%(\$4.79 / \$119.75) * 100 \approx 4.00\%\newlineMath error check:

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