ACT Math · Ratios, rates, and percents
A stock price rose from 40 to 52. What was the percent increase?
A stock price rose from $40 to $52. What was the percent increase?
Answer and explanation
Answer: H: 30%
Percent increase is the change divided by the original value: , or , choice H. Choice F () reports the change in dollars as a percent. Choice G () divides the change by the new value, , but a percent increase is measured against the original. Choice J () is the new price as a percent of the old price, , and does not subtract the original . Check: of $40 is $12, and .
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