Question

At the beginning of the day, stock XYZ opened at $4.25. At the
end of the day, it closed at $5.25. What is the rate of change
of stock XYZ?

Answer 1

Answer:

23.53 %

Explanation:

The rate of change would be actual change/ original cost x 100

The actual change

= $5.25 - $4.25

=$1

The rate of change

=$1/$4.25 x 100

=0.2353 x 100

=23.53 %