Stock in Company XYZ decreased from $14 per share to $9 per share. What is the percent decreased in the stock price?
2 answers
decrease=5/14 * 100 percent
Use what's called the percent change formula:
% Change=New amount-old amount/old amount and multiply the answer by 100 to get it in terms of percentage.
For example: 14-9=5
5/14 (14 because that was its initial price prior to it decreasing) =0.3571.
We want our answer in percents...so we move the decimal point two places to the RIGHT. Or we multiple by 100.
Answer is 35.7%
% Change=New amount-old amount/old amount and multiply the answer by 100 to get it in terms of percentage.
For example: 14-9=5
5/14 (14 because that was its initial price prior to it decreasing) =0.3571.
We want our answer in percents...so we move the decimal point two places to the RIGHT. Or we multiple by 100.
Answer is 35.7%
1 answer