SOLUTION: at the close of one business day, a company's stock was trading at $24 a share. at the close of the next business day, the stock was trading at 27$ a share. find the percent of inc

Question 190950: at the close of one business day, a company's stock was trading at $24 a share. at the close of the next business day, the stock was trading at 27$ a share. find the percent of increase.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
at the close of one business day, a company's stock was trading at $24 a share. at the close of the next business day, the stock was trading at 27$ a share. find the percent of increase.
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It increased $3.
3/24 = 1/8
100% times 1/8 = 12.5%.
That's the increase, 12.5%
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