Math Problem Statement
The price of a technology stock has risen to $9.58 today. Yesterday's pnice was $9.51. Find the percentage increase. Round your answer to the nearest tenth of a percent
Solution
To find the percentage increase in the price of the technology stock, use the following formula:
Plugging in the values:
Rounding to the nearest tenth of a percent, the percentage increase is approximately 0.7%.
Would you like more details on this calculation or have any other questions?
Here are some related questions:
- How do you calculate percentage decrease in price?
- If the stock price rises to $10, what would the new percentage increase be?
- What are common factors that influence stock price changes?
- How can you calculate the average percentage change over multiple days?
- What other real-world scenarios can benefit from understanding percentage increase?
Tip: Always subtract the old value from the new value to avoid confusion when calculating percentage change.
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Math Problem Analysis
Mathematical Concepts
Percentage Change
Basic Arithmetic
Formulas
Percentage Increase = (New Price - Old Price) / Old Price * 100
Theorems
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Suitable Grade Level
Grades 6-8