a companys stock was selling at \$24 a share. a month later, it is selling at \$30 a share. what is the percent change?

? \%

Question

a companys stock was selling at \$24 a share. a month later, it is selling at \$30 a share. what is the percent change?

? \%

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "blank_filling_formatter", "explain_then_answer", "tutor", "mastery_adaptive_brevity" ], "needs_drawing": false, "concepts_used": [ "Percentage Calculations" ], "new_concepts": [ "Percent Change" ], "current_concepts": [ "Percentage Calculations", "Percent Change" ] } ## Identify the initial and final values Using the *Percentage Calculations* knowledge point $$ \begin{aligned} &\text{Initial Value } (V_i) = 24\ &\text{Final Value } (V_f) = 30 \end{aligned} $$ ## Calculate the absolute change Using the *Percentage Calculations* knowledge point $$ \begin{aligned} \text{Change} &= V_f - V_i\ &= 30 - 24\ &= 6 \end{aligned} $$ ## Calculate the percent change Using the *Percentage Calculations* knowledge point $$ \begin{aligned} \text{Percent Change} &= \frac{\text{Change}}{\text{Initial Value}} \times 100\%\ &= \frac{6}{24} \times 100\%\ &= 0.25 \times 100\%\ &= 25\% \end{aligned} $$ A company's stock was selling at $24 a share. A month later, it is selling at $30 a share. What is the percent change? 25% { "subject": "Mathematics", "question_type": "Fill-in-the-blank", "knowledge_point": [ "Mathematics", "Algebra", "Percent Change" ] }

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QUESTION IMAGE

Question

Explanation:

Identify the initial and final values

Calculate the absolute change

Calculate the percent change

Answer: