Question

The price of a technology stock has dropped to $9.51 today. Yesterday’s price was $9.58. Find the percentage decrease. Round your answer to the nearest tenth of a percent.

Answer 1

For this case what you should do is the following rule of three
$ 9.58 ---> 100%
$ 9.51 ---> x
Then, clearing x we have:
x = (9.51 / 9.58) * (100)=99.3
Subtracting the result:
100-99.3 = 0.7%
answer:
the percentage decrease is 0.7%