Nate bought share of a stock at $36.85. The value of the shares increased by $2 more than 40% when Nate sold them. At what price did Nate sell the stock

Nate sold the stock at $53.59.

Step-by-step explanation:

We are given the following in the question:

Cost price if stock = $36.85

Increase in price of stock is given by:

Putting values, we get,

Thus, the selling prices is given by:

Thus, Nate sold the stock at $53.59.

45.3592

step-by-step explanation:

wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100%   is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.