Question

If you bought a stock last year for a price of $37, and it has gone down 11% since then, how much is the stock worth now, to the nearest cent? (53 POINTS)

Don't have to show work please just solve.

Answer 1

32.93

Explanation:

The original price is 37

The percentage decrease is 11%

The amount of decrease is original price times percentage decrease

decrease = 37*11%

= 37*.11

=4.07

The new price is the old price minus the decrease

New price = old price - decrease

37-4.07

32.93