Question

Fred buys several shares of stock at $24 per share and sells them at $21.12 per share. what is the percent of decrease in the price of the stock?
a. 12.0%
b. 11.5%
c. 11.0%
d. 10.5%

Answer 1

24 × 0.12 = 2.88
24 - 2.88 = 21.12

so the percent of decrease is 12%

a. 12.0%