Question

A company’s stock decreased from $15 per share to $9 per share. What is the percentage decreased in stock price? Round your answer to the nearest whole percent. Do not include the percent sign in your answer.

Answer 1

Answer:

40

Step-by-step explanation:

Let's use the Rule of Three Simple to answer the question this way:

Stock price    Percentage

$ 15                    100%

$ 9                       x

15 * x = 9 * 100

15x = 900

x = 900/15

x = 60

Percentage decreased = 100 - 60

Percentage decreased = 40

The company's stock decreased 40 percent