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?

A.
11.5%

B. 12.0%

C.
12.5%

D.
13.0%

Answer 1

If you do (24.5*100)/28 you get what the price she sold then is as a percentage of the price she bought them for. If you then take the difference between this percentage and 100% you'll get the answer

Answer 2

c.