Question
The stock of Company A gained $3.45 throughout the day and ended at a value of $72.45. By what percentage did the stock rise?
Answers
GPT-4o mini
To find the percentage increase in the stock price, we can use the formula:
\[
\text{Percentage Increase} = \left( \frac{\text{Increase in Value}}{\text{Original Value}} \right) \times 100
\]
1. **Identify the increase in value**: The stock gained $3.45.
2. **Determine the original value**: The ending value of the stock is $72.45. Therefore, the original value is calculated by subtracting the increase from the ending value:
\[
\text{Original Value} = 72.45 - 3.45 = 69.00
\]
3. **Calculate the percentage increase**:
\[
\text{Percentage Increase} = \left( \frac{3.45}{69.00} \right) \times 100
\]
4. **Perform the calculation**:
\[
\text{Percentage Increase} = \left( 0.05000 \right) \times 100 \approx 5.00\%
\]
Thus, the stock rose by approximately **5.00%**.
\[
\text{Percentage Increase} = \left( \frac{\text{Increase in Value}}{\text{Original Value}} \right) \times 100
\]
1. **Identify the increase in value**: The stock gained $3.45.
2. **Determine the original value**: The ending value of the stock is $72.45. Therefore, the original value is calculated by subtracting the increase from the ending value:
\[
\text{Original Value} = 72.45 - 3.45 = 69.00
\]
3. **Calculate the percentage increase**:
\[
\text{Percentage Increase} = \left( \frac{3.45}{69.00} \right) \times 100
\]
4. **Perform the calculation**:
\[
\text{Percentage Increase} = \left( 0.05000 \right) \times 100 \approx 5.00\%
\]
Thus, the stock rose by approximately **5.00%**.