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dem82 [27]
3 years ago
8

The price of a technology stock has dropped to $9.54 today. Yesterday’s price was $9.63. Find the percentage decrease. Round you

r answer to the nearest tenth of a percent
Mathematics
1 answer:
Trava [24]3 years ago
5 0

The percentage of change in stock value is 0.93%

<u>Solution:</u>

Given that, The price of a technology stock has dropped to $9.54 today

Yesterday’s price was $9.63

We have to find the percentage decrease by Round the answer to the nearest tenth of a percent.

<em><u>The percentage change is given as:</u></em>

\text { percentage change }=\frac{\text { previous value }-\text { new value }}{\text { previous value }} \times 100

By substituting the values we get,

\text { changed percentage }=\frac{9.63-9.54}{9.63} \times 100

=\frac{0.09}{9.63} \times 100=\frac{9}{9.63}

Changed percentage = 0.93457

Hence, the percentage of change in stock value is 0.93%

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