ZandonE777378 ZandonE777378
  • 25-10-2022
  • Mathematics
contestada

Compute the percent of profit or loss on shares of stock purchased at8.625 and sold at 10.75.

Respuesta :

ChauncyA163202 ChauncyA163202
  • 25-10-2022

ANSWER:

24.63%

STEP-BY-STEP EXPLANATION:

The first thing is to mention that it is a profit because it was bought at a lower amount than it was sold, therefore

We take 100% as the lowest value, and thus we calculate the profit percentage

[tex]10.75\cdot\frac{100}{8.625}=124.63[/tex]

Then the difference between both percentages is the profit percentage

[tex]124.63-100=24.63[/tex]

Answer Link

Otras preguntas

show that if the diagonals of a quadrilateral are equal and bisect each other at right angles then it is a square​
Solve for x: 5<-4x-11<13​
Help!! Please and thank you
What is the area of the triangle? Make me brainlest pleas
u = 4i + 9j 8= -8j Find: u +g
What is the length (in cm) of a rectangle with width 14 cm and area 168² cm​
What problem occurred during the presidential election of 1800? A. Candidates from the same party ran against each other. B. Candidates from two different parti
1 point 36. You are conducting an experiment with a test tube of human cells in solution. You add 3 tablespoons of sugar to the test tube. Predict what will hap
1. What is the speed of a runner who runs 400 meters in 40 seconds?
What are some examples of scavengers in biology?