Question
The stock of Company A lost $4.30 throughout the day and ended at a value of $103.20. By what percentage did the stock decline?
Answers
GPT-4o mini
To find the percentage decline of the stock, you can use the following formula:
\[
\text{Percentage Decline} = \left( \frac{\text{Decline Amount}}{\text{Original Price}} \right) \times 100
\]
1. Calculate the original price of the stock before the decline:
\[
\text{Original Price} = \text{Ending Price} + \text{Decline Amount} = 103.20 + 4.30 = 107.50
\]
2. Now, use the formula to calculate the percentage decline:
\[
\text{Percentage Decline} = \left( \frac{4.30}{107.50} \right) \times 100
\]
3. Calculate the fraction:
\[
\frac{4.30}{107.50} \approx 0.0400
\]
4. Multiply by 100 to find the percentage:
\[
\text{Percentage Decline} \approx 0.0400 \times 100 = 4.00\%
\]
Therefore, the stock declined by approximately **4.00%**.
\[
\text{Percentage Decline} = \left( \frac{\text{Decline Amount}}{\text{Original Price}} \right) \times 100
\]
1. Calculate the original price of the stock before the decline:
\[
\text{Original Price} = \text{Ending Price} + \text{Decline Amount} = 103.20 + 4.30 = 107.50
\]
2. Now, use the formula to calculate the percentage decline:
\[
\text{Percentage Decline} = \left( \frac{4.30}{107.50} \right) \times 100
\]
3. Calculate the fraction:
\[
\frac{4.30}{107.50} \approx 0.0400
\]
4. Multiply by 100 to find the percentage:
\[
\text{Percentage Decline} \approx 0.0400 \times 100 = 4.00\%
\]
Therefore, the stock declined by approximately **4.00%**.