If a companies stock is 40 dollars a share in a year the stock is 60 dollars. What was the percentage increase.  20 percent or 40 percent

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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ISBN:9780547587776
Author:HOLT MCDOUGAL
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Chapter7: Percents
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If a companies stock is 40 dollars a share in a year the stock is 60 dollars. What was the percentage increase. 

20 percent or 40 percent 

Expert Solution
Step 1

Initial Value of share = 40 dollar

final value of share = 60 dollar

Percentage Increase = (final- inital) x 100 / ( inital value) 

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