Question

PLZ HELP

The price of a technology stock was 9.83
yesterday. Today, the price fell to 9.72
. Find the percentage decrease. Round your answer to the nearest tenth of a percent.


@nilbert

Answer 1

The percentage change can be found from
percent change = ((new value)/(original value) - 1) × 100%
For your numbers, that is
percent change = ((9.72/9.83) - 1) × 100% = -0.01119... × 100%

The decrease in value is about 1.12%