Question

the price per share of a stock decreased from $90 per share to $36 per share. by what percent did the price of the stock decrease?

Answer 1

60%

Explanation:

we know that

the price per share of a stock decreased from $90 per share to $36 per share

In this problem

$90 represent the 100%

so

using proportion

Find out what percentage represent the difference of ($90-$36)

($90-$36)=$54

Let

x ----> the percentage of the difference

`(100\%)/(\$90)=(x)/(\$54)\\\\x=54(100)/90\\\\x=60\%`