Answer:
114.9%
Step-by-step explanation:
we know that
In march 2009, Jennifer bought shares for $47 per share
In march 2016, she sold them for $101 per share
$47 -----> represent the 100%
The increase in price is $101-$47=$54
so
using proportion
Find out what percentage of the purchase price represent $54
Let
x -----> the percentage of the purchase price
[tex]\frac{\$47}{100\%}=\frac{\$54}{x}\\\\x=100(54)/47\\\\x= 114.9\%[/tex]
Answer:
There was 114.89% increase in price of shares
Explanation:
Let the number of shares purchase be ‘n’
Given, in March 2009,
the price of shares were $47 per share
Therefore, total price of ‘n’ shares in 2009 = $47*n
Similarly, in march 2016,
the price of shares is $101 per share
Therefore, total price of ‘n’ shares in 2016 = $101*n
Increase in price of share = $(101-47) = $54
Therefore, percent increase in shares = [tex]\frac{\mathrm{s} 54}{\mathrm{s} 47} * 100[/tex]
= 1.1489 * 100%
= 114.89%
Hence, there was 114.89% increase in price of shares.
