luispadron4119 luispadron4119
  • 23-03-2021
  • Mathematics
contestada

A comapny's stock was selling 16$ a share. A month later it was selling at 20$ a share. What is the percentage gain?

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nuuk nuuk
  • 24-03-2021

Answer: 25%

Step-by-step explanation:

Given

Initial Cost of share [tex]C.P.=16\$[/tex]

After a month, its selling price is [tex]S.P.=20\$\ \text{per share}[/tex]

The gain percentage is given by

[tex]\Rightarrow \text{Gain }\ \%=\dfrac{\text{S.P.-C.P.}}{\text{C.P.}}\times 100[/tex]

[tex]\Rightarrow \text{Gain}\ \%=\dfrac{20-16}{16}\times 100=25\%[/tex]

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