A company’s stock decreased from $15 per share to $9 per share. What is the percentage decreased in stock price? Round your answ
er to the nearest whole percent. Do not include the percent sign in your answer.
1 answer:
Answer:
<u>40</u>
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
<u>The company's stock decreased 40 percent</u>
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