Question

If you bought a stock last year for a price of $60, and it has gone down 7.8% since then, how much is the stock worth now, to the nearest cent?​

Answer 1

Find 7.8% of $60 so you can subtract it to find how much the stock is worth.

Formula: (7.8*60)/100= $4.68

$60-$4.68=$55.32

Answer: $55.32