Question

The price of a technology stock was 9.71 yesterday. Today, the price fell to 9.60. Find the percentage decrease. Round your answer to the nearest tenth of a percent.

Answer 1

This would be a 1.1% decrease.

Explanation:

To find the percentage decrease, start by finding the difference in the two costs.

9.71 - 9.60 = 0.11

Now that we have that, we divide it by the original cost.

0.11/9.71 = 1.1%