Question

A investor has an account with stock from two different companies. Last year her stocking company A was worth $4600 in her stocking company B was worth $1000. Stocking company a has decreased 25% since last year in stock and Company B has decreased 22%. What was the total percentage decrease in the investor stock account round your answer to the nearest 10

Answer 1

Answer: 24.5%

Step-by-step explanation:

Last year her stock in company A was worth $4600. If her Stock in company A has decreased by 25% since last year in stock, then the amount by which it decreased is

25/100 × 4600 = $1150

The present worth is

4600 - 1150 = $3450

Also, her stock in company B was worth $1000. If her Stock in company B has decreased by 22% since last year in stock, then the amount by which it decreased is

22/100 × 1000 = $220

The present worth is

1000 - 220 = $780

The total worth of both stocks last year was

4600 + 1000 = $5600

The total worth of both stocks this year was

3450 + 780 = $4230

The amount by which it decreased is

5600 - 4230 = 1370

the total percentage decrease in the investor stock account is

1370/5600 × 100 = 24.5%