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OpenStudy (anonymous):
Elena buys several shares of stock at $28 per share and sells them at $24.50 per share. What is the percent of decrease in the price of the stock? (This is confusing to me. Help!)
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OpenStudy (anonymous):
24.5/28 = 0.875 1- 0.875 = 0.125 Decrease 12.5%
OpenStudy (anonymous):
28-24.5=3.5 3.5/28=.125 .125x100=12.5 12.5 decrease
OpenStudy (hoblos):
12.5 %
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