Problema Solution
After retiring in 2006, Gina Greena decided to buy 2,000,000 shares in Seed Som’ore seed company at $.17 per share. Last year, in 2011, Gina Greena sold her shares for $421,000. Find what percent increase that is of the 2006 value
Answer provided by our tutors
amount paid for shares in 2006 = 2000000*0.17 = 340000
amount in 2011 = 421000
increase in amount = 421000 - 340000 = 81000
% increase in amount = (81000/340000) *100 = 810/34 = 23.82%