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stellarik [79]
2 years ago
10

You sell 500 shares of Coldwater Creek stock (CWTR). You purchased the stock at $2.98 per share and sold it at $0.88

Mathematics
1 answer:
andrew11 [14]2 years ago
4 0

Answer:

70%

Step-by-step explanation:

Given that,

Cost price of the stock = $2.98 per share

Sold price of the stock = $0.88  per share

We need to find the percent decrease in the stock. It can be done as follows :

\%=\dfrac{2.98-0.88}{2.98}\times 100\\\\=70.46\%

or

= 70%

So, the decrease in the stock is equal to 70 %.

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