Question

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

Answer 1

do you know how to take percentage?

Answer 2

no @Mashy But im learning

Answer 3

ok.. percentage is basically out of 100

for example. if i say i scored 9 of 10.. then if i wanna know what my percentage score is..

then all i have to do is how much would i score out of 100.. and taht comes out to 90.. so 90 percentage.. is that clear?

Answer 4

yea

Answer 5

if i tell you.. i scored 4 out of 5.. whats my percentage score?

Answer 6

0.2?

Answer 7

idk

Answer 8

you do the cross multiplication

4 --- 5
? --- 100

4 X 100 / 5.. how much does that yeild?

Answer 9

80?

Answer 10

@Mashy

Answer 11

perfect.. so thats how you do cross multiplication.. let me give you one more

i i say.. i scored 50% percent.. how much did i score out of 25

Answer 12

ohh i see where you going okay now 24.5*100/28 right

Answer 13

no.. the question is .. what is the percentage DECREASE??.. so first find the decrease.. then find the percentage decrease!

Answer 14

ohh okay

Answer 15

idk

Answer 16

tell me how much is the decrease?

Answer 17

The difference is $3.50. The percent decrease is therefore the difference divided by the original price:
(3.50/28) x 100% = 12.5%???

Answer 18

oh.. i love you :D.. correct!!

Answer 19

thanks

Answer 20

no probs!