Question

The price of a stock went down by 10% if the cost of a share of stock was $24.00. how much is it now?

Answer 1

wouldn't that be 90% of $24.00?

Answer 2

price was $24 thenit went down by 10%. how much is it now?

Answer 3

yes so, 100% of the stock price is $24. and it went down with 10% so 10 times less than 100% right?

Answer 4

what is \[\frac{ $24.00 }{ 10 }\]

Answer 5

than, if you find the value of \[\frac{ $24.00 }{ 10 }\] you can subtract that from the $24.00 it was worth initially. Than you have the solution.

Answer 6

.24?

Answer 7

You moved the decimal by 2 places, but when you divide by 10 you only have to move it 1 place.

Answer 8

so 2.4