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Mathematics 5 Online
OpenStudy (anonymous):

In the December 9, 2008, New York Times article, "FedEx Lowers 2009 Earnings Forecast," FedEx said it expected to earn an average of $4.13 a share for the fiscal year ending in May, down from its original estimate of an average of $5.00 a share. Analysts were predicting that the company would earn $5.15 a share, according to Thomson Reuters. What percent reduction is the company's new estimate from the original estimate in earnings per share? What percent reduction in earnings per share is there between the original estimate and the analysts' predictions? Round to the nearest tenth percent. Does anybody know the answer? If so please explain it to me.

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