Question

If you bought a stock last year for a price of $129, and it has gone down 5.1% since then, how much is the stock worth now, to the nearest cent?

Answer 1

Answer:

See below.

Step-by-step explanation:

First, you want to turn the percentage into a decimal. To do that, divide the percentage by 100.

$\frac{5.1}{100} =0.051$

Next, multiply the percentage by the price.

$129*.051=6.579$

$6.579$ rounded to the nearest cent would be $6.58$.

Last, you would subtract to find the answer.

$129-6.58=122.42$

Answer: $122.42

:)