The price of a stock rose from $40 to $44. What was the percent increase?
- A) 4%
- B) 15%
- C) 10% ✓
- D) 5%
Why: The rise is 44 - 40 = $4. Percent increase divides that rise by the starting price: 4/40 = 0.10, so 10%. 4% treats the $4 rise as if it were the percent. 5% of 40 is only $2, which would bring the stock to $42. 15% of 40 is $6, which would bring it to $46.