Question

The price of a technology stock has dropped to $9.54 today. Yesterday's price was $9.61 . Find the percentage decrease. Round your answer to the nearest tenth of a percent.

Answer 1

`Percentage \: decrease = (decreas \: in \: price)/(Original \: price) * 100`

Yesterday's price is the original price or the old price.


`Percentage \: decrease = (9.61 - 9.54)/(9.61) * 100`


`Percentage \: decrease = (0.07)/(9.61) * 100`


`Percentage \: decrease = (700)/(961) = 0.728`%

Rounding to the nearest tenth means round to one decimal place.

This will give us,

0.7% decrease in price.

Therefore between yesterday and today, there was a 0.7 percentage decrease in price.