Alina by several shares of stock at $28 per-share and sells them at $24.50 per-share what is the percent of decrease in the pric

Question

horrorfan [7]

2 years ago

11

Alina by several shares of stock at $28 per-share and sells them at $24.50 per-share what is the percent of decrease in the pric

e of the stock

Mathematics

2 answers:

balu736 [363] · Answer 1 · 2022-06-16T17:38:02+03:00

balu736 [363]2 years ago

6 0

Take the absolute value of the difference, then divide it by the original amount
|28 - 24.5| / 28 = 3.5/28 = 0.125..now we multiply that by 100 to get it into a percent 0.125 * 100 = 12.5% <== ur answer

Roman55 [17] · Answer 2 · 2022-06-16T19:52:39+03:00

Roman55 [17]2 years ago

3 0

Buy = $28

Sell = $24.50

Decrease = 28 - 24.50 = 3.5

% Decrease = (3.5 / 28) * 100%

= 12.5%