Question

An investor has an account with stock from two different companies. Last year, her stock in Company A was worth $2690 and her stock in Company B was worth $2980. The stock in Company A has decreased 20% since last year and the stock in Company B has decreased 10%. What was the total percentage decrease in the investor's stock account? Round your answer to the nearest tenth (if necessary).

Answer 1

Answer:

14.7 %

Step-by-step explanation:

let us total the amount in her portfolio

Company A was worth $2690

Company B was worth $2980.

Total = $5670

when The stock in Company A decreases by 20%  she will have

$2690 *0.8=  $2152

Company A will worth $2152

when The stock in Company B decreases by 10%  she will have

$2980 *0.9=  $2682

Company A will worth  $2682

In all after the decline in are portfolio is $2152+$2682= $4834

the difference for the original amount in her investment is = $5670-$4834

= $836

The total percentage decrease in the investor's stock account

= (836/5670)*100= 0.147*100= 14.7 %