Answer:
46%
Step-by-step explanation:
Given :
Alison bought 12 shares in The Toy Company when it cost $27.
She is planning on selling her shares and they currently cost $39.50.
To Find: . What is the percent increase in sale price?
Solution :
Previous cost = $27
Current cost = $39.50
Increase in price = $39.50-$27=$12.5
Percent increase in sale price=[tex]\frac{\text{increase in price} }{\text{original price}} *100[/tex]
=[tex]\frac{\text{12.5} }{\text{27}} *100[/tex]
=[tex]0.4629 *100[/tex]
=[tex]46.29[/tex]
Thus Percent increase in sale price = 46%
Hence option C is correct
