Question

Five years ago, one share of a stock was worth $28.00. Today, one share of the stock is worth $62.00. What was the percent of change?

Answer 1

`121.4%` increase in its value,

Explanation:

Find out by how much the value of the stock increased:

`$62-$28 = $34`

To find a percentage increase or decrease:

`("amount of change")/("original value") xx 100%`

`34/28 xx 100%`

`=121.4%`

It has increased by `121%` which means the value has more than doubled.