an investors buys $1200 worth of stock in a company. if price of the stock appreciates by 30% , and the investor decides to sell the stock what will be the total value of her stock be?
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current Value of Stock=$1200
price appreciated by 30%
therefore
The Total Value of stock=$1200+30% of 1200
=$1200+360
=$ 1560
The total value of stock will be $1560
Answered by
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Sale price of stock = $1,560
Explanation:
Given:
Purchase value of stock = $1,200
Appreciation price in stock = 30% = 30 / 100 = 0.3
Sale price of stock = ?
Computation of sale price of stock:
Sale price of stock = Purchase value of stock + Appreciation Amount in stock
Sale price of stock = $1,200 + [$1,200 × 0.3]
Sale price of stock = $1,200 + $360
Sale price of stock = $1,560
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