Math Problem Statement
Answer
A stock's value increased from £150 to £180. What is the percentage increase?
Solution
To determine the percentage increase, we can use the following formula:
Given:
- Old Value = £150
- New Value = £180
Substitute these values:
= \left(\frac{30}{150}\right) \times 100 = 0.2 \times 100 = 20\%$$ So, the correct answer is **20%**. Would you like a further breakdown, or do you have other related questions? --- Here are five follow-up questions that might help: 1. How do you calculate a percentage decrease? 2. What is the general formula for percentage change? 3. How would the calculation change if the values were given in dollars instead? 4. What happens if the stock's value decreases? How would the formula apply? 5. Can percentage increases exceed 100%? If yes, under what circumstances? **Tip:** Always check the units when calculating percentage increases to avoid confusion with currencies or measurements.Ask a new question for Free
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Math Problem Analysis
Mathematical Concepts
Percentage
Percentage Increase
Basic Arithmetic
Formulas
Percentage Increase = ((New Value - Old Value) / Old Value) × 100
Theorems
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Suitable Grade Level
Grades 6-8
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