Question

The stock of Company A lost $2.55 throughout the day and ended at a value of $57.45. By what percentage did the stock decline?

Answer 1

Given:

Loss = $2.55

Value of stock after loss = $57.45

To find:

The percentage by which the stock decline.

Solution:

We have,

Loss = $2.55

Value of stock after loss = $57.45

Value of stocks before loss = Value of stock after loss + loss

= $57.45 + $2.55

= $60

Now,

`\text{Percentage by which the stock decline}=\frac{\text{loss}}{\text{initial value}}* 100`

`\text{Percentage by which the stock decline}=(2.55)/(60)* 100`

`\text{Percentage by which the stock decline}=4.25%`

Therefore, the stocks of the company declined by 4.25%.