An investor tracked the closing price of a stock for five consecutive days.
Table (Closing Price) Columns: Day; Closing price (USD) Rows:
- 1: 48
- 2: 51
- 3: 50
- 4: 54
- 5: 57
Which of the following is closest to the percent increase in closing price from Day 1 to Day 5?
- (correct answer)
Explanation: This question tests data interpretation skills using a table of stock closing prices over five days. The table lists days 1 to 5 with USD prices. To find the percent increase from Day 1 to Day 5, calculate (57 - 48)/48 × 100% = 9/48 ≈ 18.75%. The closest is 18.8%, justifying choice C. A common misread is using Day 2 or another as the base, like from 51 to 57 = about 11.8%, not matching options directly. Another error could involve absolute increase divided by average, approximating 15% as in B.