Question

You purchase 10,000 shares of a stock for $0.85 a share. One year later it is worth $0.95 a share. Find the percent of increase

Answer 1

11.76 %

Answer 2

plz explain

Answer 3

It increased from 85/100 to 95/100. So increase is 10/100.
Increase % = (Increase/initial amount)*100
= (10/100) / (85/100) * 100
= 200/17
Divide it and it would be approximately 11.76%.

Answer 4

ty