The price of a particular stock rose by 0.6 of 1 percent yesterday. What fraction represents the increase in the stock's price?

Answer Choices

Correct answer marked below

A. 3/5

B. 1/60

C. 3/50

D. 3/500

Correct

E. 1/10,000

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Explanation

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Official Explanation

Official

The price of a particular stock rose by 0.6 of 1 percent yesterday. To find the fraction of the increase, we first convert 0.6 to a fraction, which is equivalent to 3/5.…

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Comments

JatishJun 2, 2024

thank you very much!

JeremiApr 7, 2025

Thanks for sharingThank you for sharing!!thanks for sharing

What this question tests

What it tests

Your ability to convert between fractions, ratios, and decimals and to reason proportionally.

Common trap

Cross-multiplying incorrectly or mixing up the ratio parts — a part:part ratio is not a fraction of the whole.