Answer:
4.5%
Step-by-step explanation:
800(1-0.01)=\color{green}{792}
800(1−0.01)=792
6180(1-0.05)=\color{blue}{5871}
6180(1−0.05)=5871
Last Year This Year
Stock A 800 792
Stock B 6180 5871
Total 6980 6663
\text{Find overall decrease:}
Find overall decrease:
6980(1-r)=6663
6980(1−r)=6663
\frac{6980(1-r)}{6980}=\frac{6663}{6980}
6980
6980(1−r)
=
6980
6663
1-r=0.954585
1−r=0.954585
-r=-0.045415
−r=−0.045415
Subtract 1
r=0.045415
r=0.045415
Divide by -1
\text{Final Answer: }4.5\%
Final Answer: 4.5%
Multiply by 100 and round to nearest 10th
