Answer Sheet

From Taking Stock   

Profit and Loss

1. Find the percent of increase or decrease for each of the following fictional companies:

a. ACME Tire, Inc. Purchase Price = 40 3/8    Current Price = 43 5/8

To Solve: 
43 5/8 - 40 3/8 = 3 1/4 = 3.25      or 43.625 – 40.375 = 3.25
(3.25 divided by 40.375) times 100 = 8% increase

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b. LenJor Inc. .   Purchase Price = 7 1/2 Current Price = 9 1/8  

To Solve:
9.125-7.5=1.625
(1.625 divided by 7.5)  times 100 = 21.6% increase 

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c. TOWN Ltd.        Purchase Price = 22      Current Price= 25 3/16  

To Solve:
25.1875 - 22 = 3.1875
(3.1875 divided by 22) times 100 = 14.48% increase 

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d. HVS Inc.        Purchase Price= 1 1 1/2   Current Price = 9 7/8  

To Solve:
11.5 - 9.875 = 1.625
(1.625 divided by 11.5) times 100 = 14.1% decrease

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e. TOWS Inc.        Purchase Price = 71 1/2 Current Price = 68 3/8  

To Solve:
71.5 - 68.375 = 3.125
(3.125 divided by 71.5) times 100 = 4.3% increase

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2. Choose two stocks, record the name and beginning prices, then record the Closing or Last price for the next five days. On the final day, calculate the percentage of increase or decrease of both stocks.