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

The price goes down by 3.50 (28 - 24.50). Compute this as a percent of the original price:

3.5 / 28 = 0.125

Turn that into a percent by moving the decimal two places to the right (multiply by 100%):

Answer:
The stock suffered a 12.5% decrease (or write it as -12.5%)

Answer 2

thank you

Answer 3

no prob medal please